Legacy Wealth Managment LLC ID Has $103,000 Holdings in Palantir Technologies Inc. $PLTR

Legacy Wealth Managment LLC ID raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 65.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,223 shares of the company’s stock after buying an additional 482 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in Palantir Technologies were worth $103,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock valued at $33,000 after purchasing an additional 185 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $153.11 on Friday. The business’s fifty day moving average price is $157.00 and its two-hundred day moving average price is $124.73. Palantir Technologies Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $190.00. The stock has a market capitalization of $363.23 billion, a price-to-earnings ratio of 510.38, a price-to-earnings-growth ratio of 8.63 and a beta of 2.59.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLTR shares. Citigroup restated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital boosted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $136.61.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 9,211 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the sale, the insider owned 343,518 shares in the company, valued at approximately $53,502,928.50. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $24,945,543.00. Following the sale, the insider owned 592 shares in the company, valued at $92,204. The trade was a 99.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,990,586 shares of company stock valued at $295,423,583. 9.23% of the stock is currently owned by company insiders.

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.