Archford Capital Strategies LLC Cuts Stake in Palantir Technologies Inc. $PLTR

Key Points

• Archford Capital Strategies LLC has reduced its stake in Palantir Technologies by 14.2%, holding 22,937 shares worth approximately $3.1 million after selling 3,787 shares in the second quarter.
• Palantir Technologies reported a 48% year-over-year increase in revenue, reaching $1 billion, and exceeded earnings expectations with an EPS of $0.16 against a consensus estimate of $0.14.
• Insiders have recently sold a total of 1.6 million shares worth around $250 million, indicating significant insider activity as corporate insiders own about 12.93% of the company's stock.

Archford Capital Strategies LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,937 shares of the company's stock after selling 3,787 shares during the quarter. Archford Capital Strategies LLC's holdings in Palantir Technologies were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Moody National Bank Trust Division purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $210,000. GAMMA Investing LLC boosted its stake in shares of Palantir Technologies by 14,786.8% during the first quarter. GAMMA Investing LLC now owns 1,911,913 shares of the company's stock valued at $161,365,000 after purchasing an additional 1,899,070 shares during the period. Finally, Rothschild Investment LLC boosted its stake in shares of Palantir Technologies by 149.2% during the first quarter. Rothschild Investment LLC now owns 21,068 shares of the company's stock valued at $1,778,000 after purchasing an additional 12,614 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.9%

Shares of Palantir Technologies stock opened at $177.57 on Monday. The company has a market cap of $421.26 billion, a PE ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59. The business has a 50 day moving average of $166.16 and a 200 day moving average of $134.01. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's revenue for the quarter was up 48.0% on a year-over-year basis. 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. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Bank of America increased their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. UBS Group reissued a "neutral" rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.22.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock valued at $250,524,804 in the last 90 days. Corporate insiders own 12.93% of the company's stock.

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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