1,495 Shares in Palantir Technologies Inc. $PLTR Bought by Woodard & Co. Asset Management Group Inc. ADV

Key Points

• Woodard & Co. Asset Management Group Inc. purchased 1,495 shares of Palantir Technologies Inc. for about $204,000 during the second quarter.
• Insider Ryan D. Taylor sold 36,048 shares of Palantir stock for over $5.7 million, reducing his ownership by 10.49%.
• Palantir's stock has a market cap of $422.63 billion and has seen a revenue increase of 48.0% compared to last year, with a forecast of 0.31 earnings per share for the current year.

Woodard & Co. Asset Management Group Inc. ADV bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,495 shares of the company's stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter worth $450,000. Bison Wealth LLC boosted its position in shares of Palantir Technologies by 37.4% during 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. GAMMA Investing LLC boosted its position in shares of Palantir Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Palantir Technologies by 14.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,366 shares of the company's stock valued at $706,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Palantir Technologies by 33.4% during the 1st quarter. Johnson Investment Counsel Inc. now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 2,242 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company'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 completion of the sale, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction that occurred 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 sale, the insider directly owned 50,961 shares of the company's stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last 90 days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 0.0%

Shares of NASDAQ PLTR opened at $178.15 on Friday. The company has a market cap of $422.63 billion, a PE ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60. The company has a 50-day moving average of $171.52 and a two-hundred day moving average of $142.87. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00.

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 analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Piper Sandler lifted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a report on Tuesday. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price target on shares of Palantir Technologies in a report on Monday, September 15th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $141.28.

About Palantir Technologies

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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