Kaufman Rossin Wealth LLC Acquires Shares of 1,847 Palantir Technologies Inc. $PLTR

Key Points

• Kaufman Rossin Wealth LLC has acquired 1,847 shares of Palantir Technologies, valuing the investment at approximately $252,000.
• Analysts are optimistic about Palantir's prospects, with a consensus rating of "Hold" and an average price target of $138.28.
• Insiders, including David A. Glazer and Alexander C. Karp, have recently sold significant shares of the company, indicating a decrease in their ownership stakes.

Kaufman Rossin Wealth LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,847 shares of the company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Optima Capital LLC raised its position in shares of Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after purchasing an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after buying an additional 84 shares during the period. Delta Investment Management LLC increased its position in shares of Palantir Technologies by 1.9% during the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after acquiring an additional 90 shares in the last quarter. Sovran Advisors LLC raised its holdings in shares of Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC lifted its position in Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies 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 completion of the sale, the insider 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,625,634 shares of company stock worth $248,926,404. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 1.7%

Shares of PLTR traded down $3.06 during midday trading on Monday, reaching $179.33. The stock had a trading volume of 45,532,430 shares, compared to its average volume of 88,975,352. The firm has a market cap of $425.43 billion, a PE ratio of 597.79, a P/E/G ratio of 10.28 and a beta of 2.59. The firm has a 50 day simple moving average of $163.32 and a 200-day simple moving average of $130.54. Palantir Technologies Inc. has a one year low of $36.05 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue was up 48.0% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLTR. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Bank of America lifted their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a research note on Monday, September 15th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, UBS Group restated a "neutral" rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $138.28.

About Palantir Technologies

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.