Palantir Technologies Inc. $PLTR Position Increased by Blue Rock Wealth Management LLC

Blue Rock Wealth Management LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,600 shares of the company’s stock after buying an additional 7,450 shares during the quarter. Palantir Technologies accounts for 2.1% of Blue Rock Wealth Management LLC’s portfolio, making the stock its 16th largest position. Blue Rock Wealth Management LLC’s holdings in Palantir Technologies were worth $2,498,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction 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 sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction 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 sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock valued at $245,441,454 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 4.0%

Shares of PLTR stock opened at $162.36 on Wednesday. Palantir Technologies Inc. has a 12 month low of $33.62 and a 12 month high of $190.00. The business’s 50 day moving average is $158.03 and its two-hundred day moving average is $125.50. The company has a market cap of $385.17 billion, a PE ratio of 541.22, a price-to-earnings-growth ratio of 8.80 and a beta of 2.59.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $136.61.

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.