Wealthcare Capital Partners LLC Buys 1,564 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Wealthcare Capital Partners LLC increased its stake in Palantir Technologies by 56.2%, acquiring an additional 1,564 shares during the 2nd quarter, bringing its total holdings to 4,349 shares valued at $593,000.
• Palantir Technologies recently reported a 48% year-over-year increase in revenue, achieving $1 billion for the quarter and exceeding analysts' expectations by $60.71 million.
• Insider sales have occurred, with significant transactions including Ryan D. Taylor selling 36,048 shares at an average price of $158.35, reflecting a 10.49% decrease in his position.

Wealthcare Capital Partners LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 56.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,349 shares of the company's stock after acquiring an additional 1,564 shares during the quarter. Wealthcare Capital Partners LLC's holdings in Palantir Technologies were worth $593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $2,543,888,000. Nuveen LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth $520,232,000. Price T Rowe Associates Inc. MD boosted its position in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Amundi boosted its position in shares of Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 7.5%

NASDAQ:PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00. The stock has a market capitalization of $410.58 billion, a PE ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The stock's 50-day moving average price is $168.90 and its 200-day moving average price is $136.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the firm earned $0.09 EPS. The company's quarterly revenue was up 48.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director owned 50,794 shares in the company, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Royal Bank Of Canada raised their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, UBS Group restated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Company 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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