Leo Wealth LLC Has $1.06 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Leo Wealth LLC expanded its holdings in Palantir Technologies by 101.1%, acquiring 7,747 shares valued at approximately $1.06 million during the second quarter.
• Insider David A. Glazer sold 81,000 shares of Palantir stock for over $12.5 million, reducing his ownership by 15.82%, while the total insider sales in the past three months reached $244.7 million.
• Palantir Technologies has a market capitalization of $440 billion and reported a revenue increase of 48% year-over-year, reaching $1 billion last quarter, surpassing analyst expectations.

Leo Wealth LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 101.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,747 shares of the company's stock after buying an additional 3,895 shares during the period. Leo Wealth LLC's holdings in Palantir Technologies were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies during the first quarter worth $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the first quarter worth $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company's stock, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,714,146 over the last three months. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $185.47 on Friday. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00. The company's 50-day simple moving average is $170.89 and its 200 day simple moving average is $139.18. The company has a market capitalization of $440.00 billion, a PE ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies's 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. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $140.22.

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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