Weaver Capital Management LLC Takes Position in Palantir Technologies Inc. $PLTR

Weaver Capital Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,075 shares of the company's stock, valued at approximately $556,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Leo Wealth LLC boosted its position in shares of Palantir Technologies by 101.1% during the 2nd quarter. Leo Wealth LLC now owns 7,747 shares of the company's stock valued at $1,056,000 after purchasing an additional 3,895 shares in the last quarter. Lokken Investment Group LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $386,000. US Bancorp DE boosted its position in shares of Palantir Technologies by 5.2% during the 2nd quarter. US Bancorp DE now owns 443,787 shares of the company's stock valued at $60,497,000 after purchasing an additional 21,777 shares in the last quarter. Armstrong Fleming & Moore Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $2,880,000. Finally, Fulton Breakefield Broenniman LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $428,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the transaction, the director owned 62,087 shares in the company, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $183.56 on Thursday. The business's 50 day simple moving average is $170.35 and its two-hundred day simple moving average is $138.57. The firm has a market cap of $435.47 billion, a P/E ratio of 611.89, a PEG ratio of 9.87 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLTR shares. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus 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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