CW Advisors LLC Acquires 13,512 Shares of Palantir Technologies Inc. $PLTR

Key Points

• CW Advisors LLC significantly increased its holdings in Palantir Technologies by 157.8%, acquiring an additional 13,512 shares during the first quarter, bringing their total ownership to 22,075 shares valued at approximately $1.9 million.
• Analysts have mostly rated Palantir Technologies as a "Hold," with four analysts giving it a Buy rating and a consensus target price of $136.61.
• Insider Stephen Andrew Cohen sold 160,164 shares of Palantir at an average price of $155.75, significantly reducing his ownership by 99.63%, as part of recent high-volume insider selling totaling nearly 1.9 million shares.

CW Advisors LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 157.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,075 shares of the company's stock after purchasing an additional 13,512 shares during the quarter. CW Advisors LLC's holdings in Palantir Technologies were worth $1,914,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Palantir Technologies by 15.0% during the first 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 during the last quarter. Garrison Bradford & Associates Inc. acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $45,000. Menard Financial Group LLC lifted its holdings in shares of 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 holdings 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 buying an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised 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 purchasing an additional 6,405 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 2.5%

Palantir Technologies stock traded down $3.96 during mid-day trading on Wednesday, hitting $156.92. The stock had a trading volume of 62,392,649 shares, compared to its average volume of 91,937,586. The stock has a 50-day simple moving average of $154.37 and a two-hundred day simple moving average of $122.57. The stock has a market capitalization of $372.26 billion, a PE ratio of 521.77, a P/E/G ratio of 8.86 and a beta of 2.60. 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 posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the transaction, the insider owned 363,755 shares in the company, valued at approximately $49,219,689.05. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,906,783 shares of company stock worth $282,471,442 in the last ninety days. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLTR. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup restated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company 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.