Cwm LLC Increases Position in Palantir Technologies Inc. $PLTR

Key Points

• Cwm LLC increased its holdings in Palantir Technologies Inc. by 79.3% during the 2nd quarter, bringing its total shares to 346,675 with a reported value of $47.3 million.
• Palantir Technologies received mixed reviews from analysts, with a current average rating of "Hold" and a consensus price target of $140.22.
• Insider selling was significant, with notable sales including David A. Glazer, who sold 81,000 shares for $12.5 million, indicating a 15.82% decrease in ownership.

Cwm LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 79.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,675 shares of the company's stock after buying an additional 153,373 shares during the period. Cwm LLC's holdings in Palantir Technologies were worth $47,259,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Transcendent Capital Group LLC boosted its position in shares of Palantir Technologies by 0.7% during the second quarter. Transcendent Capital Group LLC now owns 12,408 shares of the company's stock valued at $1,691,000 after buying an additional 92 shares during the period. Means Investment CO. Inc. boosted its position in shares of Palantir Technologies by 3.9% during the second quarter. Means Investment CO. Inc. now owns 87,877 shares of the company's stock valued at $11,979,000 after buying an additional 3,310 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Palantir Technologies by 25.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 294,476 shares of the company's stock valued at $40,143,000 after buying an additional 59,219 shares during the period. Sather Financial Group Inc purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $232,000. Finally, Sovereign Financial Group Inc. boosted its position in shares of Palantir Technologies by 79.7% during the second quarter. Sovereign Financial Group Inc. now owns 6,159 shares of the company's stock valued at $840,000 after buying an additional 2,732 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PLTR shares. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Bank of America boosted their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Stock Down 5.4%

Palantir Technologies stock opened at $175.44 on Friday. The business has a fifty day moving average of $171.32 and a two-hundred day moving average of $140.05. The firm has a market cap of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction on 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 directly owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 9.23% of the company's stock.

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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