Palantir Technologies Inc. $PLTR Stock Holdings Increased by Werba Rubin Papier Wealth Management

Key Points

• Werba Rubin Papier Wealth Management increased its stake in Palantir Technologies by 53% during Q2, now holding 4,087 shares valued at $557,000.
• Insider selling activity includes significant transactions by David A. Glazer and Shyam Sankar, totaling over $17 million, indicating possible confidence shifts among executives.
• Analysts have mixed ratings on Palantir stock, with target price updates ranging from $165 to $215, yet the overall consensus remains a "Hold".

Werba Rubin Papier Wealth Management lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 53.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,087 shares of the company's stock after purchasing an additional 1,415 shares during the quarter. Werba Rubin Papier Wealth Management's holdings in Palantir Technologies were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $28,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler raised their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Stock Down 0.1%

Palantir Technologies stock opened at $179.62 on Thursday. The stock has a 50-day simple moving average of $171.78 and a 200 day simple moving average of $141.58. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00. The stock has a market capitalization of $426.12 billion, a price-to-earnings ratio of 598.75, a P/E/G ratio of 9.72 and a beta of 2.60.

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

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.