Palantir Technologies Inc. $PLTR Shares Purchased by RMR Wealth Builders

Key Points

• RMR Wealth Builders increased its stake in Palantir Technologies by 139.5%, acquiring a total of 15,436 shares valued at approximately $2.1 million.
• Insider selling activity reported that Shyam Sankar and Ryan D. Taylor sold significant amounts of shares, resulting in decreased ownership percentages of 4.09% and 10.49%, respectively.
• Palantir Technologies reported $1 billion in revenue for its last quarter, surpassing expectations and marking a 48% year-over-year increase in revenue.

RMR Wealth Builders boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 139.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,436 shares of the company's stock after purchasing an additional 8,990 shares during the period. RMR Wealth Builders' holdings in Palantir Technologies were worth $2,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after buying an additional 1,135,841 shares in the last quarter. Fox Hill Wealth Management boosted its holdings in Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock valued at $5,653,000 after acquiring an additional 2,325 shares during the period. Assenagon Asset Management S.A. grew its position in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after acquiring an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in Palantir Technologies during the first quarter worth about $45,000. Finally, McAdam LLC boosted its stake in shares of Palantir Technologies by 78.4% in the first quarter. McAdam LLC now owns 12,159 shares of the company's stock valued at $1,026,000 after purchasing an additional 5,344 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value 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 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 valued at $245,441,454 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $171.43 on Monday. Palantir Technologies Inc. has a 1-year low of $34.89 and a 1-year high of $190.00. The stock 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. The stock's fifty day moving average is $160.07 and its two-hundred day moving average is $127.42.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the firm earned $0.09 earnings per share. Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.

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