Williamson Legacy Group LLC Acquires 798 Shares of Palantir Technologies Inc. $PLTR

Williamson Legacy Group LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,006 shares of the company’s stock after acquiring an additional 798 shares during the period. Palantir Technologies makes up 2.3% of Williamson Legacy Group LLC’s holdings, making the stock its largest position. Williamson Legacy Group LLC’s holdings in Palantir Technologies were worth $2,727,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Norges Bank bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $3,307,457,000. Northern Trust Corp raised its position in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after buying an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Finally, Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday. CICC Research boosted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Daiwa Capital Markets upped their price objective on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. UBS Group lifted their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Up 1.6%

Shares of NASDAQ PLTR opened at $168.44 on Friday. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The company has a market cap of $401.46 billion, a price-to-earnings ratio of 401.05, a P/E/G ratio of 6.43 and a beta of 2.63. The business has a fifty day simple moving average of $179.48 and a 200-day simple moving average of $159.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 1,973 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $308,281.25. Following the sale, the insider directly owned 413,639 shares of the company’s stock, valued at $64,631,093.75. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the sale, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,146,892 shares of company stock valued at $186,381,382 over the last three months. 9.23% of the stock is owned by insiders.

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.