2,058 Shares in Palantir Technologies Inc. $PLTR Bought by Sentry LLC

Key Points

• Sentry LLC has acquired 2,058 shares of Palantir Technologies Inc., valued at approximately $281,000, marking a new position for the firm in the tech company's stock.
• Insider selling has been notable at Palantir, with key executives selling a combined total of 1,557,750 shares worth approximately $239 million recently.
• Palantir Technologies reported Q2 earnings per share of $0.16, exceeding analyst estimates, with a revenue of $1 billion for the quarter, representing a 48% year-over-year increase.

Sentry LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,058 shares of the company's stock, valued at approximately $281,000.

A number of other institutional investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $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 valued at $1,296,000 after acquiring an additional 4,667 shares during the period. GAMMA Investing LLC grew its stake in Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares during the period. Flagship Harbor Advisors LLC grew its stake in Palantir Technologies by 27.2% in the first quarter. Flagship Harbor Advisors LLC now owns 30,191 shares of the company's stock valued at $2,548,000 after acquiring an additional 6,451 shares during the period. Finally, Continuum Advisory LLC grew its stake in Palantir Technologies by 62.4% in the first quarter. Continuum Advisory LLC now owns 4,335 shares of the company's stock valued at $366,000 after acquiring an additional 1,665 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 0.0%

NASDAQ:PLTR opened at $181.51 on Wednesday. The stock's 50 day moving average price is $171.39 and its two-hundred day moving average price is $144.68. The firm has a market capitalization of $430.60 billion, a price-to-earnings ratio of 605.05, a P/E/G ratio of 9.84 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLTR. 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. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $141.28.

Palantir Technologies Company 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.

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