CWA Asset Management Group LLC Sells 37,119 Shares of Palantir Technologies Inc. $PLTR

Key Points

• CWA Asset Management Group LLC reduced its holdings in Palantir Technologies by 21.8%, selling 37,119 shares during the second quarter, leaving them with 133,193 shares valued at approximately $18.2 million.
• Several large investors increased their stakes in Palantir during the same period, with Coastline Trust Co growing its position by 560.6%.
• Insider trading activity included the sale of 81,000 shares by insider David A. Glazer, along with other transactions, totaling more than 1.6 million shares sold by insiders last quarter.

CWA Asset Management Group LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,193 shares of the company's stock after selling 37,119 shares during the quarter. Palantir Technologies makes up about 0.8% of CWA Asset Management Group LLC's investment portfolio, making the stock its 26th largest holding. CWA Asset Management Group LLC's holdings in Palantir Technologies were worth $18,157,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Coastline Trust Co grew its position in Palantir Technologies by 560.6% during the second quarter. Coastline Trust Co now owns 18,438 shares of the company's stock valued at $2,513,000 after buying an additional 15,647 shares during the period. Guyasuta Investment Advisors Inc. lifted its holdings in Palantir Technologies by 22.3% during the second quarter. Guyasuta Investment Advisors Inc. now owns 7,415 shares of the company's stock valued at $1,011,000 after purchasing an additional 1,350 shares in the last quarter. Clay Northam Wealth Management LLC lifted its holdings in Palantir Technologies by 8.7% during the second quarter. Clay Northam Wealth Management LLC now owns 12,967 shares of the company's stock valued at $1,768,000 after purchasing an additional 1,035 shares in the last quarter. Worth Financial Advisory Group LLC purchased a new position in Palantir Technologies during the second quarter valued at approximately $311,000. Finally, Avior Wealth Management LLC lifted its holdings in Palantir Technologies by 27.9% during the second quarter. Avior Wealth Management LLC now owns 16,090 shares of the company's stock valued at $2,193,000 after purchasing an additional 3,509 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on PLTR shares. 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. 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 report on Wednesday, August 6th. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $140.22.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated 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 approximately $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 quarter, insiders sold 1,634,634 shares of company stock valued at $250,524,804. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 0.9%

PLTR stock opened at $177.57 on Friday. Palantir Technologies Inc. has a twelve month low of $36.05 and a twelve month high of $190.00. The stock has a market capitalization of $421.26 billion, a price-to-earnings ratio of 591.92, a price-to-earnings-growth ratio of 9.91 and a beta of 2.59. The firm's fifty day simple moving average is $166.16 and its two-hundred day simple moving average is $133.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 22.18% and a return on equity of 10.75%. The business's revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect 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.

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