Tradewinds Capital Management LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Tradewinds Capital Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 147.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 235 shares of the company’s stock after buying an additional 140 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Palantir Technologies were worth $32,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Palantir Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after purchasing an additional 9,810 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Palantir Technologies by 14.2% during the first quarter. Cornerstone Wealth Management LLC now owns 8,366 shares of the company’s stock worth $706,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Palantir Technologies by 33.4% during the first quarter. Johnson Investment Counsel Inc. now owns 8,950 shares of the company’s stock worth $755,000 after purchasing an additional 2,242 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 over the last three months. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Bank of America lifted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Piper Sandler raised their price target on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Trading Up 0.0%

Shares of Palantir Technologies stock opened at $178.15 on Friday. The stock’s fifty day moving average price is $171.52 and its 200-day moving average price is $142.87. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00. The firm has a market cap of $422.63 billion, a P/E ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’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. Analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.