Defender Capital LLC. Decreases Stake in Palantir Technologies Inc. $PLTR

Key Points

• Defender Capital LLC reduced its stake in Palantir Technologies by 15.1% during Q2, now holding 306,599 shares worth approximately $41.8 million, making it the firm's second largest position.
• Multiple institutional investors increased their stakes in Palantir, with Price T. Rowe Associates and Goldman Sachs reporting significant growth of 55.2% and 38.5%, respectively, during the first quarter.
• Palantir's Q2 earnings exceeded expectations with a net margin of 22.18% and revenue growth of 48.0% year-over-year, prompting favorable ratings from analysts and setting future EPS guidance.

Defender Capital LLC. lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 306,599 shares of the company's stock after selling 54,614 shares during the period. Palantir Technologies makes up about 14.2% of Defender Capital LLC.'s holdings, making the stock its 2nd biggest position. Defender Capital LLC.'s holdings in Palantir Technologies were worth $41,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC purchased a new position in Palantir Technologies in the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD grew its stake in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after buying an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Amundi grew its stake in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after buying an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $177.21 on Tuesday. The firm has a market cap of $420.40 billion, a price-to-earnings ratio of 590.72, a PEG ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The firm has a 50 day moving average price of $171.65 and a 200-day moving average price of $141.04.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 net margin of 22.18% and a return on equity of 10.75%. The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Loop Capital boosted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $140.22.

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.

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