Wealth Management Partners LLC Lowers Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Wealth Management Partners LLC reduced its stake in Palantir Technologies by 11.7%, selling 2,915 shares and now holding 21,982 shares valued at approximately $3.06 million.
• Palantir Technologies reported $1 billion in revenue for the recent quarter, exceeding analyst expectations and showcasing a 48.0% increase year-over-year.
• Several institutional investors, including UBS AM, increased their stakes in Palantir, indicating continued interest with 45.65% of the stock currently held by institutional investors.

Wealth Management Partners LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,982 shares of the company's stock after selling 2,915 shares during the quarter. Palantir Technologies accounts for approximately 1.1% of Wealth Management Partners LLC's holdings, making the stock its 19th biggest position. Wealth Management Partners LLC's holdings in Palantir Technologies were worth $3,058,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies in the 4th quarter worth about $450,000. Bison Wealth LLC increased its holdings in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Two Sigma Investments LP increased its holdings in Palantir Technologies by 132.4% in the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after buying an additional 31,383 shares in the last quarter. Vise Technologies Inc. increased its holdings in Palantir Technologies by 41.8% in the 4th quarter. Vise Technologies Inc. now owns 28,584 shares of the company's stock worth $2,162,000 after buying an additional 8,427 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Palantir Technologies in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 1.5%

Shares of Palantir Technologies stock traded up $2.74 during trading hours on Tuesday, reaching $182.07. 43,696,289 shares of the stock traded hands, compared to its average volume of 88,715,844. The company has a 50 day moving average price of $163.92 and a 200 day moving average price of $131.20. The firm has a market capitalization of $431.94 billion, a price-to-earnings ratio of 605.52, a P/E/G ratio of 10.28 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00.

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, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate 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 was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was 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. The trade was a 99.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction that occurred 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 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 worth $250,524,804 in the last quarter. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTR. Citigroup reiterated a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Four investment 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. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price 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.