Western Wealth Management LLC Has $1.58 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Western Wealth Management LLC grew its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 62,209 shares of the company’s stock after acquiring an additional 1,610 shares during the quarter. Western Wealth Management LLC’s holdings in Palantir Technologies were worth $1,576,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PLTR. Evolution Wealth Advisors LLC boosted its position in Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after buying an additional 360 shares in the last quarter. Gradient Investments LLC increased its holdings in Palantir Technologies by 21.4% in the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares in the last quarter. Apella Capital LLC raised its position in Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after purchasing an additional 416 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after purchasing an additional 416 shares during the last quarter. Finally, Halpern Financial Inc. increased its position in Palantir Technologies by 44.0% in the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after acquiring an additional 440 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLTR. DA Davidson raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $35.00 price target on shares of Palantir Technologies in a research note on Friday, August 2nd. Monness Crespi & Hardt cut their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Finally, Citigroup raised their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $23.14.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 249,684 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the sale, the insider now directly owns 372,565 shares in the company, valued at approximately $11,180,675.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.01, for a total transaction of $7,493,016.84. Following the completion of the sale, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. The disclosure for this sale can be found here. Insiders have sold a total of 495,673 shares of company stock valued at $14,514,337 over the last three months. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 0.3 %

Palantir Technologies stock traded up $0.11 during mid-day trading on Monday, reaching $32.19. 19,919,400 shares of the company’s stock were exchanged, compared to its average volume of 55,461,824. The business’s fifty day simple moving average is $26.78 and its 200 day simple moving average is $24.20. The firm has a market capitalization of $71.68 billion, a PE ratio of 273.86, a P/E/G ratio of 5.47 and a beta of 2.71. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $32.75.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the previous year, the firm posted $0.01 EPS. Palantir Technologies’s revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.