Palantir Technologies Inc. $PLTR is Western Financial Corp CA's 5th Largest Position

Key Points

• Western Financial Corp CA increased its stake in Palantir Technologies by 26.6% during the second quarter, making it the firm's 5th largest position, valued at approximately $5.16 million.
• Palantir reported earnings of $0.16 EPS for the last quarter, surpassing estimates and showing a 48% year-over-year revenue growth.
• Analysts have varied opinions on the stock, with four rating it as a Buy, fifteen as a Hold, and two as a Sell, resulting in a consensus target price of $140.22.

Western Financial Corp CA grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,882 shares of the company's stock after purchasing an additional 7,971 shares during the quarter. Palantir Technologies makes up approximately 2.8% of Western Financial Corp CA's investment portfolio, making the stock its 5th largest position. Western Financial Corp CA's holdings in Palantir Technologies were worth $5,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. NorthCrest Asset Manangement LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $366,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Palantir Technologies by 52.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company's stock valued at $650,000 after acquiring an additional 2,642 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in shares of Palantir Technologies in the first quarter valued at about $241,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 0.9%

Shares of PLTR opened at $177.57 on Friday. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The company has a market capitalization of $421.26 billion, a PE ratio of 591.92, a price-to-earnings-growth ratio of 9.99 and a beta of 2.59. The stock has a fifty day simple moving average of $166.16 and a two-hundred day simple moving average of $133.28.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a report on Monday, September 15th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $140.22.

Insider Activity

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,634,634 shares of company stock worth $250,524,804. 9.23% of the stock is currently owned by corporate 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.

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