Palantir Technologies Inc. $PLTR Shares Sold by Cura Wealth Advisors LLC

Key Points

• Cura Wealth Advisors LLC reduced its stake in Palantir Technologies by 42.1%, selling 33,400 shares and leaving it with 45,875 shares valued at approximately $3.87 million.
• Several brokerage firms raised their price targets for Palantir Technologies, with Wedbush setting a target of $200.00 and The Goldman Sachs Group increasing theirs to $141.00.
• Insider selling has occurred notably, with Jeffrey Buckley and Ryan D. Taylor selling significant amounts of stock, reflecting a combined decrease in ownership of over 4.57%.

Cura Wealth Advisors LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 42.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,875 shares of the company's stock after selling 33,400 shares during the quarter. Palantir Technologies comprises 1.6% of Cura Wealth Advisors LLC's investment portfolio, making the stock its 11th biggest position. Cura Wealth Advisors LLC's holdings in Palantir Technologies were worth $3,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the 1st quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the first quarter worth about $27,000. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the first quarter worth about $33,000. Cornerstone Planning Group LLC boosted its holdings in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 160,164 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 $24,945,543.00. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $92,204. The trade was a 99.63% 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 worth $282,471,442 over the last 90 days. Company insiders own 12.93% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PLTR. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald upped 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. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $136.61.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $0.38 on Tuesday, reaching $157.09. The company had a trading volume of 65,275,079 shares, compared to its average volume of 80,174,704. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The firm's 50 day moving average price is $155.80 and its two-hundred day moving average price is $123.74. The firm has a market cap of $372.67 billion, a PE ratio of 712.32, a PEG ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm's revenue for the quarter 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, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company 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.