Palantir Technologies Inc. $PLTR Shares Purchased by Westwood Wealth Management

Westwood Wealth Management raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 199.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,450 shares of the company's stock after acquiring an additional 34,950 shares during the period. Palantir Technologies accounts for approximately 1.9% of Westwood Wealth Management's portfolio, making the stock its 11th largest position. Westwood Wealth Management's holdings in Palantir Technologies were worth $4,427,000 at the end of the most recent reporting period.

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Several other large investors also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Palantir Technologies by 3.2% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 402,396 shares of the company's stock valued at $33,962,000 after acquiring an additional 12,664 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in Palantir Technologies by 14.7% in the first quarter. Sax Wealth Advisors LLC now owns 3,744 shares of the company's stock valued at $316,000 after acquiring an additional 480 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in Palantir Technologies by 38.9% in the first quarter. Van Hulzen Asset Management LLC now owns 6,648 shares of the company's stock valued at $561,000 after acquiring an additional 1,863 shares in the last quarter. Cunning Capital Partners LP acquired a new position in Palantir Technologies in the first quarter valued at $1,435,000. Finally, Strategies Wealth Advisors LLC boosted its stake in Palantir Technologies by 4.8% in the first quarter. Strategies Wealth Advisors LLC now owns 12,441 shares of the company's stock valued at $1,050,000 after acquiring an additional 567 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 1.6%

Shares of Palantir Technologies stock opened at $158.74 on Friday. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The stock has a market cap of $376.59 billion, a PE ratio of 529.15, a price-to-earnings-growth ratio of 8.80 and a beta of 2.60. The company has a 50-day moving average of $153.61 and a two-hundred day moving average of $121.77.

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Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the company posted $0.09 earnings per share. The firm's quarterly 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. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,906,783 shares of company stock valued at $282,471,442. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

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Several equities analysts have issued reports on PLTR shares. The Goldman Sachs Group upped 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. Wall Street Zen upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group restated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $136.61.

Get Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies 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.

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