4,850 Shares in Palantir Technologies Inc. $PLTR Bought by Park Capital Management LLC WI

Key Points

• Park Capital Management LLC acquired 4,850 shares of Palantir Technologies, valued at approximately $661,000, during the 2nd quarter.
• Palantir reported financial growth with earnings of $0.16 per share and revenue of $1 billion for the most recent quarter, beating analysts' expectations.
• Insider transactions showed significant selling activity, with an insider selling 375,000 shares for $56.7 million, indicating a 34.79% decrease in ownership.

Park Capital Management LLC WI acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,850 shares of the company's stock, valued at approximately $661,000.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its holdings 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 acquiring an additional 4,667 shares during the last quarter. Teza Capital Management LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $274,000. Two Sigma Advisers LP acquired a new stake in Palantir Technologies during the 4th quarter worth about $11,655,000. Finally, Two Sigma Investments LP raised its holdings in Palantir Technologies by 132.4% during the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after buying an additional 31,383 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 1.1%

PLTR opened at $168.33 on Thursday. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The stock has a market capitalization of $399.34 billion, a price-to-earnings ratio of 561.12, a P/E/G ratio of 9.60 and a beta of 2.59. The business has a 50 day moving average of $161.82 and a 200-day moving average of $128.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related 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 value of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock valued at $248,926,404 over the last 90 days. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLTR shares. Bank of America boosted their price objective on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citigroup reiterated a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target of $138.28.

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.

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