Great Lakes Advisors LLC Sells 4,381 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Great Lakes Advisors LLC reduced its stake in Palantir Technologies by 4.8%, selling 4,381 shares and holding a total of 86,737 shares valued at approximately $7.3 million.
• Palantir reported earnings of $0.16 per share for the last quarter, surpassing analysts' expectations, with revenue increasing by 48% year-over-year to $1 billion.
• Insider selling activity included significant transactions where executives sold a total of 566,720 shares for over $85 million, indicating changes in insider ownership percentages.

Great Lakes Advisors LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,737 shares of the company's stock after selling 4,381 shares during the period. Great Lakes Advisors LLC's holdings in Palantir Technologies were worth $7,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after acquiring an additional 84 shares during the last quarter. Delta Investment Management LLC lifted its stake in shares of Palantir Technologies by 1.9% in the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock valued at $398,000 after acquiring an additional 90 shares during the last quarter. Sovran Advisors LLC lifted its stake in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after acquiring an additional 94 shares during the last quarter. Lodestone Wealth Management LLC lifted its stake in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR stock opened at $162.36 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $33.62 and a fifty-two week high of $190.00. The business's 50 day moving average price is $158.03 and its two-hundred day moving average price is $125.50. The company has a market capitalization of $385.17 billion, a price-to-earnings ratio of 541.22, a price-to-earnings-growth ratio of 8.80 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $136.61.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,604,634 shares of company stock worth $245,441,454. Company 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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