Seed Wealth Management Inc. Has $2.57 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Seed Wealth Management Inc. has increased its stake in Palantir Technologies by 17.3% in Q2, holding 18,813 shares valued at approximately $2.57 million, which accounts for about 1.9% of their total portfolio.
• Insider sales have occurred significantly, with Alexander C. Karp selling 222,878 shares for over $33 million, resulting in a 3.35% decrease in his ownership.
• Palantir Technologies reported a revenue increase of 48% year-over-year for the latest quarter, exceeding analyst expectations with $1 billion in revenue and earnings per share of $0.16.

Seed Wealth Management Inc. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,813 shares of the company's stock after purchasing an additional 2,773 shares during the quarter. Palantir Technologies accounts for about 1.9% of Seed Wealth Management Inc.'s portfolio, making the stock its 13th largest holding. Seed Wealth Management Inc.'s holdings in Palantir Technologies were worth $2,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $450,000. Bison Wealth LLC raised its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Palantir Technologies by 132.4% in the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after buying an additional 31,383 shares in the last quarter. North Star Asset Management Inc. raised its position in shares of Palantir Technologies by 33.3% in the 4th quarter. North Star Asset Management Inc. now owns 8,229 shares of the company's stock valued at $622,000 after buying an additional 2,054 shares in the last quarter. Finally, Formidable Asset Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $457,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 3.1%

Palantir Technologies stock opened at $182.39 on Monday. Palantir Technologies Inc. has a 12-month low of $35.71 and a 12-month high of $190.00. The firm's fifty day moving average is $163.32 and its 200 day moving average is $130.54. The company has a market capitalization of $432.69 billion, a PE ratio of 607.99, a PEG ratio of 10.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the previous year, the company earned $0.09 EPS. 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. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report 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 assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average price target of $138.28.

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.

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