Evergreen Capital Management LLC Has $2.93 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Evergreen Capital Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,692 shares of the company's stock after purchasing an additional 4,649 shares during the quarter. Evergreen Capital Management LLC's holdings in Palantir Technologies were worth $2,928,000 as of its most recent SEC filing.

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Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $450,000. Schonfeld Strategic Advisors LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $7,920,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Keel Point LLC increased its holdings in shares of Palantir Technologies by 5.8% in the fourth quarter. Keel Point LLC now owns 13,949 shares of the company's stock worth $1,055,000 after acquiring an additional 764 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Palantir Technologies by 500.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,993 shares of the company's stock worth $151,000 after purchasing an additional 1,661 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average price target of $136.61.

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Get Our Latest Analysis on Palantir Technologies

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $156.71 on Friday. The stock has a 50 day moving average price of $155.46 and a 200 day moving average price of $123.40. The stock has a market capitalization of $371.77 billion, a PE ratio of 522.38, a price-to-earnings-growth ratio of 8.91 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00.

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Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The business's quarterly revenue 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. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock valued at $282,471,442 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

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.

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