Linscomb Wealth Inc. Takes Position in Palantir Technologies Inc. $PLTR

Linscomb Wealth Inc. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,201 shares of the company’s stock, valued at approximately $436,000.

Several other large investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in shares of Palantir Technologies by 14.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 13,488 shares of the company’s stock worth $1,839,000 after purchasing an additional 1,718 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Palantir Technologies by 242.0% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,233 shares of the company’s stock valued at $3,985,000 after acquiring an additional 20,685 shares in the last quarter. Clear Investment Research LLC lifted its position in shares of Palantir Technologies by 47.2% during the 2nd quarter. Clear Investment Research LLC now owns 2,071 shares of the company’s stock valued at $282,000 after buying an additional 664 shares in the last quarter. Creekmur Asset Management LLC increased its stake in Palantir Technologies by 79.6% during the 2nd quarter. Creekmur Asset Management LLC now owns 20,905 shares of the company’s stock worth $2,850,000 after buying an additional 9,263 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its stake in Palantir Technologies by 24.6% during the 2nd quarter. Kovack Advisors Inc. now owns 43,086 shares of the company’s stock worth $5,873,000 after purchasing an additional 8,508 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $200.47 on Friday. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $204.18. The company has a 50-day simple moving average of $174.75 and a 200-day simple moving average of $150.42. The company has a market cap of $475.58 billion, a PE ratio of 668.26, a price-to-earnings-growth ratio of 10.55 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The business’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. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Bank of America upped their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Citigroup boosted their target price on Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $142.00.

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.