Wealth Management Associates Inc. Acquires 682 Shares of Palantir Technologies Inc. $PLTR

Wealth Management Associates Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,249 shares of the company’s stock after acquiring an additional 682 shares during the quarter. Palantir Technologies accounts for about 1.8% of Wealth Management Associates Inc.’s investment portfolio, making the stock its 15th largest holding. Wealth Management Associates Inc.’s holdings in Palantir Technologies were worth $4,157,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Palantir Technologies by 120.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company’s stock worth $1,254,000 after acquiring an additional 9,052 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Palantir Technologies by 12.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,896 shares of the company’s stock worth $1,353,000 after acquiring an additional 2,007 shares in the last quarter. Finally, Napa Wealth Management bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $302,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,604,634 shares of company stock valued at $245,441,454. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Citigroup reiterated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Loop Capital increased 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. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $136.61.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $166.74 on Thursday. The stock has a 50 day moving average price of $158.72 and a 200 day moving average price of $125.78. Palantir Technologies Inc. has a 52 week low of $33.62 and a 52 week high of $190.00. The stock has a market capitalization of $395.56 billion, a PE ratio of 555.82, a price-to-earnings-growth ratio of 9.15 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.