Bartlett & CO. Wealth Management LLC Raises Stock Position in Palantir Technologies Inc. $PLTR

Bartlett & CO. Wealth Management LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 63.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,028 shares of the company’s stock after purchasing an additional 789 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Palantir Technologies were worth $276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth $450,000. Bison Wealth LLC boosted its stake 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 valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. NBC Securities Inc. increased its holdings in Palantir Technologies by 84,775.0% during the first quarter. NBC Securities Inc. now owns 3,395 shares of the company’s stock valued at $286,000 after buying an additional 3,391 shares during the period. RFG Advisory LLC raised its stake in Palantir Technologies by 74.7% in the first quarter. RFG Advisory LLC now owns 18,107 shares of the company’s stock worth $1,528,000 after buying an additional 7,742 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in Palantir Technologies by 71.6% during the first quarter. Financial Management Professionals Inc. now owns 932 shares of the company’s stock worth $79,000 after buying an additional 389 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.1%

Palantir Technologies stock opened at $187.05 on Friday. The stock has a 50-day moving average price of $168.62 and a 200 day moving average price of $136.02. The company has a market capitalization of $443.75 billion, a price-to-earnings ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $37.37 and a 52 week high of $190.00.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Activity

In related news, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last quarter. Insiders own 9.23% of the company’s stock.

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.