3,515 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Tempus Wealth Planning LLC

Key Points

• Tempus Wealth Planning LLC acquired 3,515 shares of Palantir Technologies, valued at approximately $297,000, while other institutional investors also increased their stakes, indicating a growing interest in the company.
• Insider sales included Alexander C. Karp selling 358,982 shares for about $45.37 million, representing a 5.29% decrease in his position, highlighting ongoing activities among company executives.
• Palantir Technologies reported a 39.4% increase in quarterly revenue compared to the previous year, with earnings per share meeting analysts' estimates, indicating strong financial performance despite higher volatility in share prices.

Tempus Wealth Planning LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,515 shares of the company's stock, valued at approximately $297,000.

Other large investors also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the 1st quarter worth $25,000. Richardson Capital Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC lifted its stake in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares in the last quarter. Summit Securities Group LLC bought a new position in Palantir Technologies during the 4th quarter valued at $34,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $812,973,088.62. The trade was a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 30,812 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $3,894,328.68. Following the transaction, the insider directly owned 495,497 shares of the company's stock, valued at $62,625,865.83. The trade was a 5.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,485,632 shares of company stock worth $191,222,623. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 2.5%

PLTR stock opened at $158.80 on Friday. The firm has a market capitalization of $374.75 billion, a PE ratio of 690.43, a PEG ratio of 13.22 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $160.39. The stock has a 50-day simple moving average of $137.03 and a two-hundred day simple moving average of $108.85.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PLTR shares. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $95.30.

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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