Northwest Wealth Management LLC Sells 529 Shares of Palantir Technologies Inc. $PLTR

Northwest Wealth Management LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,396 shares of the company’s stock after selling 529 shares during the period. Northwest Wealth Management LLC’s holdings in Palantir Technologies were worth $599,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $210,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 16.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 25,930 shares of the company’s stock worth $2,188,000 after buying an additional 3,702 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 4.0% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,214 shares of the company’s stock worth $609,000 after buying an additional 276 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 in the last three months. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research note on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $178.86 on Tuesday. The stock has a market capitalization of $424.32 billion, a P/E ratio of 596.22, a P/E/G ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The stock’s 50-day simple moving average is $166.70 and its 200 day simple moving average is $134.65.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.