Savant Capital LLC Sells 16,231 Shares of Palantir Technologies Inc. $PLTR

Savant Capital LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 31.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,076 shares of the company’s stock after selling 16,231 shares during the period. Savant Capital LLC’s holdings in Palantir Technologies were worth $4,918,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its holdings in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after purchasing an additional 4,722 shares during the period. Allworth Financial LP raised its position in Palantir Technologies by 1.7% during the 1st quarter. Allworth Financial LP now owns 35,182 shares of the company’s stock valued at $2,969,000 after purchasing an additional 598 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Palantir Technologies by 17.7% in the 1st quarter. Cerity Partners LLC now owns 741,836 shares of the company’s stock worth $60,911,000 after buying an additional 111,748 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 81,000 shares of the 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 completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America increased their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Citigroup raised their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday. Finally, Daiwa Capital Markets increased their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $173.45.

Palantir Technologies Stock Performance

PLTR stock opened at $177.93 on Friday. The firm has a market cap of $422.11 billion, a price-to-earnings ratio of 423.65, a PEG ratio of 6.89 and a beta of 2.63. The firm has a 50-day simple moving average of $177.73 and a two-hundred day simple moving average of $154.10. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52.

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