Cascade Financial Partners LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Cascade Financial Partners LLC increased its stake in Palantir Technologies by 55.2% in Q1, bringing its ownership to 8,079 shares valued at $682,000.
• Palantir Technologies reported a Q2 EPS of $0.16, beating estimates, and revenue of $1 billion, a 48.0% increase year-over-year.
• As of now, 45.65% of Palantir's stock is owned by institutional investors, and the company has received various analyst price target adjustments, with a current consensus rating of "Hold."

Cascade Financial Partners LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,079 shares of the company's stock after buying an additional 2,875 shares during the period. Cascade Financial Partners LLC's holdings in Palantir Technologies were worth $682,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $450,000. XTX Topco Ltd acquired a new stake in Palantir Technologies during the 4th quarter worth $328,000. Gabelli Funds LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $1,739,000. GeoWealth Management LLC boosted its stake in Palantir Technologies by 22.0% during the 4th quarter. GeoWealth Management LLC now owns 11,015 shares of the company's stock worth $833,000 after purchasing an additional 1,990 shares during the period. Finally, First Trust Advisors LP boosted its stake in Palantir Technologies by 37.2% during the 4th quarter. First Trust Advisors LP now owns 3,365,707 shares of the company's stock worth $254,548,000 after purchasing an additional 913,256 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.1%

Shares of PLTR traded down $1.7540 during trading hours on Wednesday, reaching $155.9960. The company had a trading volume of 209,582,131 shares, compared to its average volume of 92,002,813. The firm has a 50 day simple moving average of $152.36 and a 200-day simple moving average of $120.64. The company has a market capitalization of $370.08 billion, a price-to-earnings ratio of 520.00, a PEG ratio of 9.81 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, Director Eric H. Woersching sold 17,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the transaction, the director owned 12,562 shares in the company, valued at $1,624,140.98. This trade represents a 57.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the transaction, the insider owned 363,755 shares of the company's stock, valued at $49,219,689.05. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 529,684 shares of company stock worth $71,900,350. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on PLTR shares. Bank of America raised their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. UBS Group reissued a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Company 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.