Crestwood Advisors Group LLC Acquires 1,618 Shares of Palantir Technologies Inc. $PLTR

Crestwood Advisors Group LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,280 shares of the company’s stock after purchasing an additional 1,618 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Palantir Technologies were worth $2,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at about $27,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the second quarter worth $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 1.5%

NASDAQ PLTR opened at $187.90 on Thursday. The firm’s fifty day moving average price is $176.97 and its two-hundred day moving average price is $152.92. Palantir Technologies Inc. has a 1 year low of $51.61 and a 1 year high of $207.52. The firm has a market capitalization of $445.76 billion, a P/E ratio of 447.39, a price-to-earnings-growth ratio of 10.11 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. DA Davidson raised their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America raised their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $169.44.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on 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 approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 in the last quarter. Company 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.