Evergreen Wealth Solutions LLC Buys Shares of 3,442 Palantir Technologies Inc. $PLTR

Key Points

• Evergreen Wealth Solutions LLC acquired a new stake in Palantir Technologies, purchasing 3,442 shares valued at approximately $291,000 during the first quarter.
• Insider sales included Shyam Sankar selling 405,000 shares for about $53.49 million, while Alexander C. Karp sold 222,878 shares worth approximately $33.74 million, indicating a significant decrease in their holdings.
• Wall Street analysts have upgraded Palantir's rating, with several price targets raised, reflecting positive sentiment towards the company despite mixed performance in the market.

Evergreen Wealth Solutions LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,442 shares of the company's stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the 1st quarter worth about $25,000. Richardson Capital Management LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $33,000. Cornerstone Planning Group LLC grew its holdings in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the period. Finally, Capital Analysts LLC grew its holdings in Palantir Technologies by 97.1% during the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after acquiring an additional 200 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock worth $282,471,442 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 2.4%

NASDAQ PLTR traded up $3.70 during trading hours on Tuesday, hitting $160.87. The company's stock had a trading volume of 86,226,519 shares, compared to its average volume of 80,484,800. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The company has a market capitalization of $381.64 billion, a PE ratio of 536.25, a price-to-earnings-growth ratio of 8.86 and a beta of 2.60. The company's 50-day simple moving average is $154.37 and its two-hundred day simple moving average is $122.57.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. 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 analysts' expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. The company's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report 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. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. 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. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and an average target price of $136.61.

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.