IMG Wealth Management Inc. Buys 125 Shares of Palantir Technologies Inc. $PLTR

IMG Wealth Management Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,336 shares of the company’s stock after buying an additional 125 shares during the period. IMG Wealth Management Inc.’s holdings in Palantir Technologies were worth $182,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $204,000. New Century Financial Group LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Finally, Synergy Asset Management LLC lifted its stake in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,606 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $181.59 on Tuesday. The stock’s 50 day simple moving average is $171.50 and its 200 day simple moving average is $144.42. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $190.00. The company has a market cap of $430.79 billion, a P/E ratio of 605.32, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLTR. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Piper Sandler boosted their price objective on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Finally, Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.28.

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.