Viewpoint Capital Management LLC Takes $295,000 Position in Palantir Technologies Inc. $PLTR

Viewpoint Capital Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,164 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors have also recently bought and sold shares of the company. Next Level Wealth Planning LLC increased its position in Palantir Technologies by 31.5% in the 2nd quarter. Next Level Wealth Planning LLC now owns 7,752 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,855 shares during the last quarter. D.B. Root & Company LLC grew its stake in shares of Palantir Technologies by 9.9% in the 2nd quarter. D.B. Root & Company LLC now owns 3,443 shares of the company’s stock valued at $469,000 after buying an additional 311 shares in the last quarter. Iowa State Bank grew its stake in shares of Palantir Technologies by 0.3% in the 2nd 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 increased its holdings in Palantir Technologies by 18.3% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 4,570 shares of the company’s stock worth $623,000 after buying an additional 707 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in Palantir Technologies by 12.7% during the second quarter. Belpointe Asset Management LLC now owns 73,580 shares of the company’s stock valued at $10,030,000 after acquiring an additional 8,315 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $179.53 on Tuesday. The stock has a market capitalization of $425.91 billion, a price-to-earnings ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a 50-day moving average of $169.33 and a two-hundred day moving average of $137.95. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The firm’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. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% 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 valued at $244,676,722 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PLTR shares. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Bank of America raised their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned 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 price target 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.