Beaird Harris Wealth Management LLC Sells 25,637 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Beaird Harris Wealth Management LLC significantly reduced its stake in Palantir Technologies by 86.2%, selling 25,637 shares and leaving them with just 4,088 shares valued at approximately $345,000.
• Several institutional investors are actively modifying their positions in Palantir, with Assenagon Asset Management increasing its stake by 15% and others like Sagespring Wealth Partners LLC boosting theirs by 36.3%.
• Analysts have mixed ratings on Palantir Technologies, with a consensus rating of "Hold" and an average price target of $136.61, while the stock last opened at $157.09.

Beaird Harris Wealth Management LLC cut its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 86.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,088 shares of the company's stock after selling 25,637 shares during the period. Beaird Harris Wealth Management LLC's holdings in Palantir Technologies were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in 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 buying an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new position in shares of Palantir Technologies in the first quarter worth about $45,000. Menard Financial Group LLC boosted its stake in shares of Palantir Technologies by 8.2% in the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock worth $2,189,000 after acquiring an additional 1,964 shares during the period. TCW Group Inc. grew its position in shares of Palantir Technologies by 14.5% during the first quarter. TCW Group Inc. now owns 32,031 shares of the company's stock worth $2,703,000 after purchasing an additional 4,068 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, 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. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $136.61.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $157.09 on Wednesday. The stock has a 50 day moving average price of $156.07 and a 200-day moving average price of $123.98. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company has a market capitalization of $372.67 billion, a P/E ratio of 523.65, a P/E/G ratio of 8.83 and a beta of 2.59.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 8,047 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,253,320.25. Following the sale, the insider directly owned 474,399 shares in the company, valued at $73,887,644.25. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 9,211 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the sale, the insider directly owned 343,518 shares of the company's stock, valued at $53,502,928.50. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,906,783 shares of company stock worth $282,471,442. 12.93% of the stock is currently owned by corporate 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.

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