Montz Harcus Wealth Management LLC Buys Shares of 1,991 Palantir Technologies Inc. $PLTR

Montz Harcus Wealth Management LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,991 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies during the first quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies during the first quarter valued at about $27,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Trading Down 7.5%

NASDAQ PLTR opened at $173.07 on Friday. The stock’s 50 day moving average is $168.90 and its two-hundred day moving average is $136.63. The company has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 10.44 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $38.78 and a 1-year high of $190.00.

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 analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,591,085 shares of company stock valued at $244,676,722. Corporate insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.