TD Private Client Wealth LLC Grows Position in Palantir Technologies Inc. $PLTR

Key Points

• TD Private Client Wealth LLC increased its stake in Palantir Technologies by 39.7% during Q2, owning a total of 7,597 shares valued at over $1 million as of the most recent SEC filing.
• Palantir Technologies' quarterly earnings showed a 48% year-over-year revenue growth, with an EPS of $0.16 surpassing estimates, amidst mixed analyst ratings that average out to a "Hold".
• Insider transactions revealed significant selling activity, with insider David A. Glazer selling 81,000 shares at an average price of over $154, reflecting a 15.82% decrease in his ownership.

TD Private Client Wealth LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 39.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,597 shares of the company's stock after purchasing an additional 2,158 shares during the quarter. TD Private Client Wealth LLC's holdings in Palantir Technologies were worth $1,036,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Golden State Equity Partners grew its stake in Palantir Technologies by 10.1% during the second quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock worth $2,503,000 after buying an additional 1,677 shares during the period. Hummer Financial Advisory Services Inc purchased a new stake in Palantir Technologies during the second quarter worth approximately $225,000. Bank of New Hampshire grew its stake in Palantir Technologies by 11.4% during the second quarter. Bank of New Hampshire now owns 19,842 shares of the company's stock worth $2,705,000 after buying an additional 2,023 shares during the period. Finally, Fox Hill Wealth Management grew its stake in Palantir Technologies by 5.9% during the second quarter. Fox Hill Wealth Management now owns 41,470 shares of the company's stock worth $5,653,000 after buying an additional 2,325 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,634,634 shares of company stock valued at $250,524,804 over the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $177.57 on Friday. The stock has a market capitalization of $421.26 billion, a PE ratio of 591.92, a P/E/G ratio of 9.99 and a beta of 2.59. The firm's fifty day moving average price is $166.16 and its 200 day moving average price is $133.28. Palantir Technologies Inc. has a 12-month low of $36.05 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion for 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 period in the prior year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.

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