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

Westwood Wealth Management grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,778 shares of the company’s stock after buying an additional 9,328 shares during the quarter. Palantir Technologies makes up about 2.8% of Westwood Wealth Management’s investment portfolio, making the stock its 8th largest holding. Westwood Wealth Management’s holdings in Palantir Technologies were worth $8,422,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Palantir Technologies by 4.2% in the 1st quarter. D.A. Davidson & CO. now owns 74,851 shares of the company’s stock valued at $6,317,000 after acquiring an additional 3,013 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of Palantir Technologies by 8.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,700 shares of the company’s stock valued at $312,000 after acquiring an additional 292 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 3.0%

Shares of NASDAQ PLTR opened at $200.47 on Friday. The business’s 50 day moving average is $174.75 and its two-hundred day moving average is $150.78. The company has a market cap of $475.58 billion, a P/E ratio of 668.26, a P/E/G ratio of 10.87 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $204.18.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLTR shares. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and raised their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research note on Monday, September 15th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.00.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

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.