Woodline Partners LP Has $14.62 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Woodline Partners LP increased its holdings in Palantir Technologies by 36% in Q1, bringing its total stake to $14.62 million.
• Palantir reported an earnings per share (EPS) of $0.16 for the last quarter, exceeding analysts' expectations of $0.14, with revenue growth of 48% year-over-year.
• Insider trading was notable as David A. Glazer sold 81,000 shares for over $12.5 million, reflecting a significant decrease in his holdings.

Woodline Partners LP grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,179 shares of the company's stock after acquiring an additional 45,800 shares during the period. Woodline Partners LP's holdings in Palantir Technologies were worth $14,616,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the 1st quarter worth $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the period. Finally, Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $33,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $166.74 on Thursday. Palantir Technologies Inc. has a 52-week low of $33.62 and a 52-week high of $190.00. The stock has a market cap of $395.56 billion, a price-to-earnings ratio of 555.82, a P/E/G ratio of 9.15 and a beta of 2.59. The firm has a fifty day moving average of $158.72 and a 200-day moving average of $125.78.

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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business's 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. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PLTR. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Bank of America upped their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $136.61.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated 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 owned 702,786 shares of the company's stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last ninety days. Company insiders own 9.23% of the company's stock.

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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