Groupe la Francaise Has $456,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Groupe la Francaise has reduced its holdings in Palantir Technologies by 27.8%, now owning 5,408 shares valued at $456,000.
• Insider trading activity includes significant sales by CEO Alexander C. Karp, who sold 222,878 shares for over $33 million, reflecting a 3.35% decrease in his position.
• Palantir reported $1 billion in revenue for the quarter, exceeding expectations, with a year-over-year revenue increase of 48% and an earnings per share of $0.16.

Groupe la Francaise reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,408 shares of the company's stock after selling 2,083 shares during the period. Groupe la Francaise's holdings in Palantir Technologies were worth $456,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC grew its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after buying an additional 185 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at about $33,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after buying an additional 125 shares during the period. Finally, Capital Analysts LLC grew its stake in shares of Palantir Technologies by 97.1% in the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock valued at $34,000 after buying an additional 200 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,906,783 shares of company stock worth $282,471,442 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $158.74 on Monday. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The stock has a market cap of $376.59 billion, a price-to-earnings ratio of 529.15, a PEG ratio of 8.95 and a beta of 2.60. The firm's 50-day simple moving average is $153.61 and its 200 day simple moving average is $121.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. The firm'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, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PLTR shares. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group raised their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $136.61.

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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