WPG Advisers LLC Buys Shares of 5,999 Palantir Technologies Inc. $PLTR

Key Points

• WPG Advisers LLC purchased a new position in Palantir Technologies, acquiring 5,999 shares valued at approximately $506,000.
• Insider trading activity reveals significant sell-offs, with notable insiders selling over 1.9 million shares in the last ninety days, indicating a decrease in their ownership.
• Palantir Technologies reported $1 billion in revenue during the last quarter, exceeding expectations and marking a 48% increase compared to the previous year.

WPG Advisers LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,999 shares of the company's stock, valued at approximately $506,000.

Other institutional investors have also recently made changes to their positions in the company. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC lifted its holdings in shares of Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after buying an additional 90 shares during the period. Sovran Advisors LLC lifted its holdings in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares during the period. Lodestone Wealth Management LLC raised its position in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after acquiring an additional 97 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the transaction, the insider directly owned 592 shares in the company, valued at $92,204. This represents a 99.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,076 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $167,587.00. Following the sale, the insider directly owned 53,764 shares in the company, valued at $8,373,743. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock valued at $282,471,442 over the last quarter. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 0.1%

Shares of NASDAQ PLTR traded down $0.18 during midday trading on Tuesday, hitting $156.53. The company had a trading volume of 39,524,616 shares, compared to its average volume of 91,228,703. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00. The business has a 50-day simple moving average of $155.80 and a two-hundred day simple moving average of $123.74. The firm has a market capitalization of $371.34 billion, a price-to-earnings ratio of 521.79, a price-to-earnings-growth ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm 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%. The firm's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Bank of America increased their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $136.61.

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.