Burr Financial Services LLC Sells 83,318 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Burr Financial Services LLC reduced its holdings in Palantir Technologies by 53.2%, selling 83,318 shares, and now owns 73,168 shares, making it the firm's 4th largest holding at a value of $9,974,000.
• Other institutional investors have also adjusted their positions, with Reyes Financial Architecture Inc. increasing its stake by an impressive 696.2%, now holding 1,680 shares valued at $229,000.
• Palantir Technologies reported a quarterly revenue of $1 billion, exceeding forecasts, and analysts project an earnings per share of 0.31 for the current fiscal year, although the stock has received a mix of ratings from analysts, including a downgrade to "hold."

Burr Financial Services LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 53.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,168 shares of the company's stock after selling 83,318 shares during the period. Palantir Technologies makes up 8.4% of Burr Financial Services LLC's investment portfolio, making the stock its 4th largest holding. Burr Financial Services LLC's holdings in Palantir Technologies were worth $9,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PLTR. Reyes Financial Architecture Inc. raised its position in Palantir Technologies by 696.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 1,680 shares of the company's stock valued at $229,000 after buying an additional 1,469 shares during the last quarter. Czech National Bank grew its stake in Palantir Technologies by 10.4% in the 2nd quarter. Czech National Bank now owns 519,946 shares of the company's stock valued at $70,879,000 after purchasing an additional 49,135 shares during the period. Sandy Cove Advisors LLC bought a new position in Palantir Technologies in the 2nd quarter valued at $243,000. Sard Wealth Management Group LLC increased its holdings in Palantir Technologies by 14.1% in the 2nd quarter. Sard Wealth Management Group LLC now owns 3,536 shares of the company's stock worth $482,000 after acquiring an additional 437 shares during the last quarter. Finally, Sandbox Financial Partners LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth about $245,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $171.21 on Tuesday. The stock has a 50-day simple moving average of $160.71 and a two-hundred day simple moving average of $128.03. Palantir Technologies Inc. has a 52-week low of $35.56 and a 52-week high of $190.00. The firm has a market capitalization of $406.17 billion, a PE ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59.

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 for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during 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 quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred 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 transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,625,634 shares of company stock valued at $248,926,404. Company insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. Four investment 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's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $138.28.

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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