Westwood Wealth Management Has $2.36 Million Stake in Palantir Technologies Inc. $PLTR

Westwood Wealth Management reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,275 shares of the company’s stock after selling 28,740 shares during the quarter. Palantir Technologies accounts for approximately 1.8% of Westwood Wealth Management’s investment portfolio, making the stock its 18th biggest holding. Westwood Wealth Management’s holdings in Palantir Technologies were worth $2,360,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Financial Consulate Inc. acquired a new position in Palantir Technologies during the third quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $31,000. United Financial Planning Group LLC bought a new stake in Palantir Technologies in the third quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Palantir Technologies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

More Palantir Technologies News

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Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson reduced their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Phillip Securities began coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.59.

Read Our Latest Stock Report on Palantir Technologies

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,045,279 shares of company stock worth $140,539,043. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 4.8%

NASDAQ PLTR opened at $147.56 on Friday. The firm has a 50-day moving average price of $148.62 and a two-hundred day moving average price of $168.58. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a market capitalization of $352.92 billion, a P/E ratio of 234.23, a P/E/G ratio of 3.07 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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