Palantir Technologies Inc. $PLTR Shares Acquired by Gen Wealth Partners Inc

Key Points

• Gen Wealth Partners Inc increased its holdings in Palantir Technologies by 65.4%, purchasing an additional 2,042 shares in the first quarter, bringing their total to 5,166 shares worth approximately $436,000.
• Palantir Technologies reported a 48.0% year-over-year increase in revenue, reaching $1 billion for the quarter, with earnings per share of $0.16, surpassing analysts' expectations.
• Institutional investors now own 45.65% of Palantir's stock, with recent moves including Nations Financial Group increasing its position by 93.4% to 42,334 shares.

Gen Wealth Partners Inc lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 65.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,166 shares of the company's stock after buying an additional 2,042 shares during the quarter. Gen Wealth Partners Inc's holdings in Palantir Technologies were worth $436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mechanics Financial Corp purchased a new position in Palantir Technologies in the first quarter valued at about $25,000. Richardson Capital Management LLC purchased a new position in Palantir Technologies in the first quarter valued at about $33,000. Cornerstone Planning Group LLC grew its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in Palantir Technologies by 45.5% in the first 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 in the last quarter. Finally, Godsey & Gibb Inc. boosted its holdings in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $16.28 during mid-day trading on Tuesday, reaching $157.75. 131,606,983 shares of the company were exchanged, compared to its average volume of 91,205,180. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00. The firm's 50-day simple moving average is $151.87 and its two-hundred day simple moving average is $120.39. The firm has a market cap of $374.24 billion, a PE ratio of 525.85, a price-to-earnings-growth ratio of 9.99 and a beta of 2.60.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on PLTR. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $136.61.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $810,271,540.26. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 34,357 shares of Palantir Technologies stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.96, for a total value of $4,327,607.72. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $74,568.32. This represents a 98.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 628,140 shares of company stock valued at $84,302,509 in the last ninety days. 12.93% of the stock is owned by insiders.

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.