Blue Sky Capital Consultants Group Inc. Sells 19,207 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Blue Sky Capital Consultants Group Inc. reduced its holdings in Palantir Technologies by 15.7% during Q2, selling 19,207 shares, and now owns 103,222 shares, accounting for 7.1% of its total holdings.
• Many large investors have recently made changes to their stakes in Palantir, with significant increases noted from firms like Bison Wealth LLC and Aurora Private Wealth Inc.
• Palantir Technologies reported earnings of $0.16 per share for the last quarter, surpassing estimates, while the company's stock has a market capitalization of $428.16 billion and a price-to-earnings ratio of 601.62.

Blue Sky Capital Consultants Group Inc. cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,222 shares of the company's stock after selling 19,207 shares during the period. Palantir Technologies accounts for approximately 7.1% of Blue Sky Capital Consultants Group Inc.'s holdings, making the stock its 4th biggest holding. Blue Sky Capital Consultants Group Inc.'s holdings in Palantir Technologies were worth $14,071,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC increased its stake in shares of 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. GAMMA Investing LLC increased its stake in shares of Palantir Technologies by 76.4% in the 1st 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 last quarter. Daymark Wealth Partners LLC increased its stake in shares of Palantir Technologies by 10.3% in the 1st quarter. Daymark Wealth Partners LLC now owns 10,678 shares of the company's stock valued at $901,000 after acquiring an additional 998 shares during the last quarter. Finally, Aurora Private Wealth Inc. increased its stake in shares of Palantir Technologies by 102.2% in the 1st quarter. Aurora Private Wealth Inc. now owns 9,791 shares of the company's stock valued at $826,000 after acquiring an additional 4,949 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLTR shares. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $180.48 on Friday. The business has a 50 day simple moving average of $171.20 and a 200 day simple moving average of $145.60. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The stock has a market cap of $428.16 billion, a price-to-earnings ratio of 601.62, a PEG ratio of 9.51 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the business earned $0.09 EPS. 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. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. Company insiders own 9.23% of the company's stock.

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.

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