CFM Wealth Partners LLC Acquires New Position in Palantir Technologies Inc. $PLTR

CFM Wealth Partners LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,715 shares of the company’s stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD grew 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 valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi boosted its holdings in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PLTR shares. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.22.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. This represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $179.53 on Tuesday. The firm’s 50 day moving average price is $169.33 and its 200-day moving average price is $137.95. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The firm has a market cap of $425.91 billion, a P/E ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter 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. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.