CreativeOne Wealth LLC Buys 37,482 Shares of Palantir Technologies Inc. $PLTR

Key Points

• CreativeOne Wealth LLC increased its stake in Palantir Technologies by 79.9%, owning 84,384 shares valued at approximately $7.12 million after purchasing an additional 37,482 shares in the first quarter.
• Multiple institutional investors have adjusted their positions in Palantir, with Assenagon Asset Management raising its ownership by 15% and several others increasing stakes, leading to institutional ownership of 45.65%.
• Palantir reported earnings of $0.16 EPS, exceeding analysts' expectations, with a quarterly revenue increase of 48% year-over-year, totaling about $1 billion.

CreativeOne Wealth LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 79.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,384 shares of the company's stock after buying an additional 37,482 shares during the quarter. CreativeOne Wealth LLC's holdings in Palantir Technologies were worth $7,122,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PLTR. Northern Trust Corp increased its position in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. Invesco Ltd. increased its position in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after acquiring an additional 571,544 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,076 shares of Palantir Technologies stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $167,587.00. Following the sale, the insider directly owned 53,764 shares of the company's stock, valued at approximately $8,373,743. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,906,783 shares of company stock valued at $282,471,442. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their target price for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Four investment 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $136.61.

Palantir Technologies Stock Down 0.9%

NASDAQ PLTR traded down $1.41 during trading hours on Friday, reaching $156.71. The company's stock had a trading volume of 45,138,872 shares, compared to its average volume of 85,125,208. The firm's 50-day moving average price is $155.46 and its 200-day moving average price is $123.44. Palantir Technologies Inc. has a 1 year low of $29.31 and a 1 year high of $190.00. The company has a market capitalization of $371.77 billion, a price-to-earnings ratio of 522.38, a PEG ratio of 8.83 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm's revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.