Palantir Technologies Inc. $PLTR is Atwood & Palmer Inc.'s Largest Position

Key Points

• Atwood & Palmer Inc. has reduced its stake in Palantir Technologies by 9.9%, retaining 661,885 shares, which constitute about 5.6% of its portfolio, making it the largest holding of the company.
• Palantir reported a 48% increase in quarterly revenue year-over-year, reaching $1 billion, and surpassed the expected earnings per share by $0.02.
• Insider transactions revealed significant stock sales, with insiders selling over 1.6 million shares worth approximately $245 million in the last 90 days.

Atwood & Palmer Inc. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 661,885 shares of the company's stock after selling 72,439 shares during the quarter. Palantir Technologies comprises about 5.6% of Atwood & Palmer Inc.'s portfolio, making the stock its largest holding. Atwood & Palmer Inc.'s holdings in Palantir Technologies were worth $90,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Optima Capital LLC grew its stake in shares of Palantir Technologies by 0.6% during the 1st 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 grew its stake in Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after acquiring an additional 84 shares during the period. Delta Investment Management LLC grew its stake in Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock valued at $398,000 after acquiring an additional 90 shares during the period. Sovran Advisors LLC grew its stake in Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC grew its stake 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 during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PLTR shares. Citigroup restated a "neutral" rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $136.61.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,604,634 shares of company stock worth $245,441,454 in the last 90 days. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 4.3%

NASDAQ PLTR opened at $171.43 on Monday. Palantir Technologies Inc. has a 52 week low of $34.89 and a 52 week high of $190.00. The business's fifty day simple moving average is $160.07 and its 200-day simple moving average is $127.42. The firm has a market cap of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.66 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly 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. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.

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