Tyche Wealth Partners LLC Acquires 691 Shares of Palantir Technologies Inc. $PLTR

Tyche Wealth Partners LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,908 shares of the company’s stock after purchasing an additional 691 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Palantir Technologies were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies during the 1st quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PLTR. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.22.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 3.7%

PLTR stock opened at $179.53 on Tuesday. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00. The firm has a market cap of $425.91 billion, a P/E ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60. The business’s 50 day moving average is $169.33 and its 200-day moving average is $137.95.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.