Hyperion Asset Management Ltd Reduces Position in Palantir Technologies Inc. $PLTR

Key Points

• Hyperion Asset Management Ltd has reduced its stake in Palantir Technologies Inc. by 18.1%, owning 1,637,181 shares worth approximately $223.2 million after selling 360,605 shares in the second quarter.
• Palantir Technologies has received mixed ratings from analysts, with four analysts giving a Buy rating and fifteen assigning a Hold rating; the average target price is currently set at $138.28.
• Insiders have sold 1,634,634 shares of Palantir in the last three months, indicating a significant decrease in their ownership, with a total transaction value of approximately $250.5 million.

Hyperion Asset Management Ltd lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,637,181 shares of the company's stock after selling 360,605 shares during the quarter. Palantir Technologies comprises about 7.0% of Hyperion Asset Management Ltd's investment portfolio, making the stock its 6th biggest position. Hyperion Asset Management Ltd owned about 0.07% of Palantir Technologies worth $223,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies in the 1st quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth about $27,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth about $31,000. Finally, Richardson Capital Management LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth about $33,000. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $138.28.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $179.33 on Tuesday. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00. The company has a market capitalization of $425.43 billion, a PE ratio of 597.79, a PEG ratio of 10.28 and a beta of 2.59. The company has a 50 day moving average price of $163.92 and a two-hundred day moving average price of $131.20.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business's quarterly revenue 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. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock valued at $250,524,804 in the last three months. 12.93% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.