Palantir Technologies Inc. $PLTR Shares Acquired by Westwood Wealth Management

Westwood Wealth Management increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,778 shares of the company’s stock after buying an additional 9,328 shares during the quarter. Palantir Technologies comprises approximately 2.8% of Westwood Wealth Management’s holdings, making the stock its 8th largest position. Westwood Wealth Management’s holdings in Palantir Technologies were worth $8,422,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $28,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $31,000. Finally, Tradewinds Capital Management LLC increased its position in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on PLTR shares. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, UBS Group reissued a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies Trading Up 3.0%

Shares of NASDAQ PLTR opened at $200.47 on Friday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $204.18. The firm has a market capitalization of $475.58 billion, a PE ratio of 668.26, a PEG ratio of 10.87 and a beta of 2.60. The business has a 50-day moving average price of $174.75 and a two-hundred day moving average price of $150.78.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $939.29 million. During the same period last year, the company posted $0.09 EPS. 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. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate 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.