RWA Wealth Partners LLC Purchases 2,499 Shares of Palantir Technologies Inc. $PLTR

Key Points

• RWA Wealth Partners LLC increased its holdings in Palantir Technologies by 52.6% during the first quarter, owning 7,253 shares valued at $612,000.
• Insiders have sold a total of 529,684 shares of Palantir stock over the last three months, with a significant decrease in ownership for both insider Ryan D. Taylor and Director Lauren Elaina Friedman Stat.
• Palantir Technologies reported earnings of $0.16 per share for the quarter, surpassing analysts' estimates and showing a 48.0% increase in revenue year-over-year.

RWA Wealth Partners LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,253 shares of the company's stock after acquiring an additional 2,499 shares during the quarter. RWA Wealth Partners LLC's holdings in Palantir Technologies were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the period. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $33,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Palantir Technologies by 118.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock worth $35,000 after purchasing an additional 224 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

PLTR stock traded up $2.56 during mid-day trading on Friday, reaching $158.74. 101,782,072 shares of the company traded hands, compared to its average volume of 77,128,816. The company has a market capitalization of $376.59 billion, a P/E ratio of 529.15, a P/E/G ratio of 8.80 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The company has a fifty day moving average price of $153.61 and a 200-day moving average price of $121.77.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company's quarterly 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. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 160,164 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $92,204. This represents a 99.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 8,047 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $1,253,320.25. Following the completion of the transaction, the insider owned 474,399 shares of the company's stock, valued at approximately $73,887,644.25. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,906,783 shares of company stock valued at $282,471,442 over the last 90 days. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Finally, DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price 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.