Lionshead Wealth Management LLC Sells 1,633 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Lionshead Wealth Management LLC reduced its stake in Palantir Technologies by 11.2%, now holding 12,992 shares valued at approximately $1.1 million.
• Insider Ryan D. Taylor sold 33,335 shares for around $4.5 million, decreasing his ownership by 8.39%.
• Multiple analysts have adjusted their price targets on Palantir, with Bank of America raising it to $180.00, reflecting strong investor interest and varied ratings among analysts.

Lionshead Wealth Management LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,992 shares of the company's stock after selling 1,633 shares during the quarter. Palantir Technologies comprises 1.1% of Lionshead Wealth Management LLC's portfolio, making the stock its 28th largest holding. Lionshead Wealth Management LLC's holdings in Palantir Technologies were worth $1,097,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLTR. Nuveen LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $520,232,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, 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 transaction of $1,253,320.25. Following the completion of the sale, the insider directly owned 474,399 shares in the company, valued at approximately $73,887,644.25. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 1,076 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 $167,587.00. Following the sale, the insider owned 53,764 shares of the company's stock, valued at approximately $8,373,743. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock valued at $282,471,442 in the last quarter. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $2.56 during midday trading on Friday, hitting $158.74. 101,782,072 shares of the stock were exchanged, compared to its average volume of 79,335,152. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The business's fifty day simple moving average is $153.61 and its two-hundred day simple moving average is $121.98. The company has a market capitalization of $376.59 billion, a PE ratio of 529.15, a P/E/G ratio of 8.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.09 earnings per share. Palantir Technologies'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, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $136.61.

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.