Palantir Technologies Inc. $PLTR Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 98.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,233 shares of the company’s stock after selling 281,597 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Palantir Technologies were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at approximately $450,000. Bison Wealth LLC lifted its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. GAMMA Investing LLC lifted its stake in Palantir Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock valued at $1,912,000 after buying an additional 9,810 shares in the last quarter. Continuum Advisory LLC lifted its stake in Palantir Technologies by 62.4% in the 1st quarter. Continuum Advisory LLC now owns 4,335 shares of the company’s stock valued at $366,000 after buying an additional 1,665 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in Palantir Technologies by 24.7% in the 1st quarter. Valmark Advisers Inc. now owns 8,764 shares of the company’s stock valued at $740,000 after buying an additional 1,734 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

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 completion of the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Finally, Royal Bank Of Canada increased their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Five investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.28.

Palantir Technologies Trading Down 3.3%

Shares of PLTR opened at $175.49 on Thursday. The firm has a market capitalization of $416.32 billion, a P/E ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The stock’s fifty day simple moving average is $171.21 and its 200 day simple moving average is $144.89. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue 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. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.