Sullivan Wood Capital Management LLC Buys Shares of 15,153 Palantir Technologies Inc. $PLTR

Sullivan Wood Capital Management LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,153 shares of the company's stock, valued at approximately $2,066,000. Palantir Technologies makes up approximately 4.3% of Sullivan Wood Capital Management LLC's holdings, making the stock its 5th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $450,000. Bison Wealth LLC increased its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. NBC Securities Inc. increased its stake in shares of Palantir Technologies by 84,775.0% during the 1st quarter. NBC Securities Inc. now owns 3,395 shares of the company's stock worth $286,000 after purchasing an additional 3,391 shares in the last quarter. RFG Advisory LLC increased its stake in shares of Palantir Technologies by 74.7% during the 1st quarter. RFG Advisory LLC now owns 18,107 shares of the company's stock worth $1,528,000 after purchasing an additional 7,742 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Palantir Technologies by 71.6% during the 1st quarter. Financial Management Professionals Inc. now owns 932 shares of the company's stock worth $79,000 after purchasing an additional 389 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm'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 $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock worth $244,676,722 over the last 90 days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.1%

Shares of PLTR opened at $187.05 on Friday. The firm has a market cap of $443.75 billion, a PE ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60. The company's fifty day moving average is $168.62 and its two-hundred day moving average is $136.02. Palantir Technologies Inc. has a fifty-two week low of $37.37 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly 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. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PLTR shares. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $140.22.

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.

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