Alpha Family Trust Invests $1.31 Million in Palantir Technologies Inc. $PLTR

Key Points

• Alpha Family Trust has acquired a stake of 15,540 shares in Palantir Technologies, valued at approximately $1.3 million, making it the trust's 20th largest holding.
• Wall Street analysts have generally rated Palantir Technologies with an average rating of "Hold", with price targets ranging from $40 to $177.
• Insiders at Palantir Technologies have sold over 1.5 million shares in the past 90 days, indicating significant insider transactions amid fluctuating stock performance.

Alpha Family Trust purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,540 shares of the company's stock, valued at approximately $1,312,000. Palantir Technologies accounts for 0.8% of Alpha Family Trust's holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new stake in Palantir Technologies during the 1st quarter valued at $45,000. Menard Financial Group LLC raised its holdings in Palantir Technologies by 8.2% during the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock worth $2,189,000 after buying an additional 1,964 shares during the last quarter. TCW Group Inc. lifted its stake in shares of Palantir Technologies by 14.5% in the first quarter. TCW Group Inc. now owns 32,031 shares of the company's stock valued at $2,703,000 after buying an additional 4,068 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its stake in shares of Palantir Technologies by 36.3% in the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after buying an additional 6,405 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, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the sale, the director owned 12,562 shares of the company's stock, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the transaction, the director directly owned 62,887 shares of the company's stock, valued at $8,779,654.07. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 529,684 shares of company stock valued at $71,900,350 over the last quarter. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $0.17 during midday trading on Thursday, reaching $156.18. The company's stock had a trading volume of 94,270,503 shares, compared to its average volume of 92,138,227. The stock has a market capitalization of $370.51 billion, a P/E ratio of 520.62, a PEG ratio of 8.89 and a beta of 2.60. The firm has a 50 day moving average price of $152.76 and a 200-day moving average price of $120.89. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00.

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

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. UBS Group reissued a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $136.61.

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.