Legacy Wealth Managment LLC ID Cuts Holdings in Palantir Technologies Inc. $PLTR

Legacy Wealth Managment LLC ID lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932 shares of the company’s stock after selling 291 shares during the period. Legacy Wealth Managment LLC ID’s holdings in Palantir Technologies were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at $2,543,888,000. Nuveen LLC acquired a new position in Palantir Technologies in the first quarter valued at $520,232,000. Price T Rowe Associates Inc. MD boosted its stake in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi increased its position in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Northland Securities upped their target price on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday. Daiwa Capital Markets lifted their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $173.45.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 in the last three months. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $177.93 on Friday. The stock has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a P/E/G ratio of 6.78 and a beta of 2.63. Palantir Technologies Inc. has a 1 year low of $55.30 and a 1 year high of $207.52. The company’s fifty day moving average is $177.73 and its two-hundred day moving average is $153.68.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.