Corient IA LLC Purchases Shares of 10,100 Palantir Technologies Inc. $PLTR

Key Points

• Corient IA LLC has acquired a stake in Palantir Technologies by purchasing 10,100 shares valued at approximately $852,000, making it the 29th largest position in their investment portfolio.
• Insider sales of Palantir stock have been noted, with Ryan D. Taylor and Shyam Sankar selling significant portions of their shares, indicating a decrease in insider ownership.
• Palantir reported strong quarterly earnings of $0.16 per share, exceeding expectations and illustrating a revenue growth of 48% compared to the same quarter last year.

Corient IA LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,100 shares of the company's stock, valued at approximately $852,000. Palantir Technologies accounts for 0.6% of Corient IA LLC's holdings, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $25,000. Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC lifted its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the period. Finally, Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. 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 Palantir Technologies stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the sale, the director owned 62,887 shares of the company's stock, valued at $8,779,654.07. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 529,684 shares of company stock worth $71,900,350. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR traded down $1.9410 during trading hours on Wednesday, hitting $155.8090. The stock had a trading volume of 201,793,515 shares, compared to its average volume of 91,979,023. Palantir Technologies Inc. has a 12 month low of $29.31 and a 12 month high of $190.00. The firm has a market capitalization of $369.63 billion, a PE ratio of 520.49, a PEG ratio of 9.81 and a beta of 2.60. The stock has a fifty day moving average price of $152.36 and a 200 day moving average price of $120.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies's 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. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. Bank of America raised their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Loop Capital raised 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. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Profile

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.