Palantir Technologies Inc. $PLTR Shares Acquired by Watts Gwilliam & Co. LLC

Key Points

• Watts Gwilliam & Co. LLC increased its holdings in Palantir Technologies by 106.6% in Q1, now owning 6,994 shares valued at $590,000.
• Insider Ryan D. Taylor sold 35,480 shares for approximately $4.48 million, while another insider, Alexander C. Karp, sold 358,982 shares for about $45.37 million, indicating significant insider trading activity.
• Palantir reported earnings of $0.16 per share, exceeding estimates, with a quarterly revenue increase of 48% year-over-year, reaching $1 billion.

Watts Gwilliam & Co. LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 106.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,994 shares of the company's stock after buying an additional 3,608 shares during the period. Watts Gwilliam & Co. LLC's holdings in Palantir Technologies were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $450,000. XTX Topco Ltd purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $328,000. GeoWealth Management LLC grew its position in shares of Palantir Technologies by 22.0% in the fourth quarter. GeoWealth Management LLC now owns 11,015 shares of the company's stock valued at $833,000 after purchasing an additional 1,990 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Palantir Technologies by 37.2% in the fourth quarter. First Trust Advisors LP now owns 3,365,707 shares of the company's stock valued at $254,548,000 after purchasing an additional 913,256 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in Palantir Technologies during the fourth quarter worth approximately $58,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the transaction, the director directly owned 62,887 shares of the company's stock, valued at $8,779,654.07. The trade was a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 529,684 shares of company stock worth $71,900,350 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Wall Street Zen upgraded Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. 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. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $136.61.

Palantir Technologies Price Performance

Shares of PLTR stock traded down $1.74 during trading hours on Wednesday, hitting $156.01. The company had a trading volume of 217,852,632 shares, compared to its average volume of 92,114,531. The company's fifty day moving average is $152.36 and its 200 day moving average is $120.64. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The stock has a market capitalization of $370.11 billion, a PE ratio of 520.05, a price-to-earnings-growth ratio of 9.81 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share 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 analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.