Palantir Technologies Inc. $PLTR Shares Sold by Apexium Financial LP

Key Points

• Apexium Financial LP has reduced its stake in Palantir Technologies by 27.2%, now holding 4,466 shares valued at $377,000.
• Palantir Technologies reported a 48% increase in quarterly revenue, reaching $1 billion, and beat earnings expectations by posting $0.16 EPS.
• Insider transactions showed significant selling, with one insider unloading 405,000 shares, representing a 36.56% decrease in their position.

Apexium Financial LP trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,466 shares of the company's stock after selling 1,665 shares during the period. Apexium Financial LP's holdings in Palantir Technologies were worth $377,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter valued at about $25,000. Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its position in 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 buying an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in 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 buying an additional 125 shares during the period. Finally, Capital Analysts LLC boosted its position in Palantir Technologies by 97.1% in the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock valued at $34,000 after buying an additional 200 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $3.70 during midday trading on Tuesday, reaching $160.87. 86,226,519 shares of the stock traded hands, compared to its average volume of 80,484,800. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The business has a 50-day moving average of $154.37 and a two-hundred day moving average of $122.57. The stock has a market capitalization of $381.64 billion, a PE ratio of 536.25, a price-to-earnings-growth ratio of 8.86 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies's revenue for the quarter 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. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 160,164 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at $92,204. This represents a 99.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock valued at $282,471,442 over the last three months. Company insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Bank of America boosted their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $136.61.

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.