Next Level Wealth Planning LLC Acquires 1,855 Shares of Palantir Technologies Inc. $PLTR

Next Level Wealth Planning LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,752 shares of the company’s stock after buying an additional 1,855 shares during the period. Palantir Technologies comprises 0.7% of Next Level Wealth Planning LLC’s holdings, making the stock its 13th largest position. Next Level Wealth Planning LLC’s holdings in Palantir Technologies were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. D.B. Root & Company LLC raised its holdings in Palantir Technologies by 9.9% during the second quarter. D.B. Root & Company LLC now owns 3,443 shares of the company’s stock worth $469,000 after acquiring an additional 311 shares in the last quarter. Iowa State Bank grew its stake in shares of Palantir Technologies by 0.3% in the second quarter. Iowa State Bank now owns 29,721 shares of the company’s stock valued at $4,052,000 after buying an additional 85 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of Palantir Technologies by 18.3% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 4,570 shares of the company’s stock valued at $623,000 after buying an additional 707 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in Palantir Technologies by 12.7% during the second quarter. Belpointe Asset Management LLC now owns 73,580 shares of the company’s stock worth $10,030,000 after buying an additional 8,315 shares during the last quarter. Finally, Duncan Williams Asset Management LLC raised its position in Palantir Technologies by 43.8% during the second quarter. Duncan Williams Asset Management LLC now owns 4,291 shares of the company’s stock worth $585,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction dated 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 transaction, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,676,722. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $173.07 on Monday. The firm has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $190.00. The company’s 50 day moving average price is $168.90 and its two-hundred day moving average price is $137.33.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research analyst reports. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America boosted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Company 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.