Evergreen Capital Management LLC Has $2.93 Million Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Evergreen Capital Management LLC has increased its shareholding in Palantir Technologies by 15.5% to 34,692 shares, valued at approximately $2.93 million as of its latest SEC report.
• Palantir's quarterly earnings exceeded expectations with a reported $1 billion in revenue, significantly up from the previous year's $0.09 EPS to $0.16 EPS.
• Recent analyst opinions on Palantir include multiple upgrades and downgrades, with a consensus rating of "Hold" and an average price target of $136.61.

Evergreen Capital Management LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,692 shares of the company's stock after acquiring an additional 4,649 shares during the quarter. Evergreen Capital Management LLC's holdings in Palantir Technologies were worth $2,928,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $450,000. Schonfeld Strategic Advisors LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $7,920,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Keel Point LLC boosted its stake in Palantir Technologies by 5.8% during the 4th quarter. Keel Point LLC now owns 13,949 shares of the company's stock valued at $1,055,000 after purchasing an additional 764 shares in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in Palantir Technologies by 500.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,993 shares of the company's stock valued at $151,000 after purchasing an additional 1,661 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 8,047 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,253,320.25. Following the completion of the sale, the insider owned 474,399 shares of the company's stock, valued at $73,887,644.25. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 9,211 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the sale, the insider directly owned 343,518 shares of the company's stock, valued at approximately $53,502,928.50. This trade represents a 2.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock valued at $282,471,442 over the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR traded up $0.46 during trading hours on Tuesday, hitting $157.17. 58,848,504 shares of the company were exchanged, compared to its average volume of 91,352,008. The company has a market capitalization of $372.86 billion, a PE ratio of 523.41, a PEG ratio of 8.83 and a beta of 2.59. The firm has a fifty day simple moving average of $155.80 and a 200-day simple moving average of $123.74. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during 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%.Palantir Technologies's revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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 EPS for the current 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.