Leeward Financial Partners LLC Boosts Position in Palantir Technologies Inc. $PLTR

Leeward Financial Partners LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 208.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,139 shares of the company’s stock after buying an additional 15,648 shares during the period. Leeward Financial Partners LLC’s holdings in Palantir Technologies were worth $3,154,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ignite Planners LLC increased its position in Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after purchasing an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. increased its position in Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock valued at $747,000 after purchasing an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. increased its position in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares during the period. Boomfish Wealth Group LLC increased its position in Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after purchasing an additional 73 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its position in Palantir Technologies by 3.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company’s stock valued at $329,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on PLTR shares. Citigroup raised their target price on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research 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 research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.00.

Palantir Technologies Stock Up 3.0%

Shares of Palantir Technologies stock opened at $200.47 on Friday. The firm’s 50 day moving average price is $174.75 and its 200-day moving average price is $150.42. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $204.18. The company has a market cap of $475.58 billion, a P/E ratio of 668.26, a PEG ratio of 10.55 and a beta of 2.60.

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

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies 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 sale, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. Company insiders own 9.23% of the company’s stock.

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.