Sullivan Wood Capital Management LLC Takes Position in Palantir Technologies Inc. $PLTR

Sullivan Wood Capital Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,153 shares of the company’s stock, valued at approximately $2,066,000. Palantir Technologies accounts for about 4.3% of Sullivan Wood Capital Management LLC’s holdings, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies during the 1st quarter worth $520,232,000. Price T Rowe Associates Inc. MD increased its stake in Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. increased its stake in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the period. Finally, Amundi increased its stake in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $187.05 on Friday. Palantir Technologies Inc. has a one year low of $37.37 and a one year high of $190.00. The company has a 50-day simple moving average of $168.62 and a 200-day simple moving average of $136.02. The firm has a market capitalization of $443.75 billion, a PE ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLTR shares. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. UBS Group reissued a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup reissued a “neutral” rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $140.22.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock worth $244,676,722. Corporate insiders own 9.23% of the company’s stock.

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.