JT Stratford LLC Sells 37,818 Shares of Palantir Technologies Inc. $PLTR

Key Points

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JT Stratford LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 54.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,050 shares of the company's stock after selling 37,818 shares during the period. JT Stratford LLC's holdings in Palantir Technologies were worth $2,705,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC boosted its holdings in shares of Palantir Technologies by 90.2% in the first 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. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 45.5% in the first 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, Godsey & Gibb Inc. boosted its holdings in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares during the period. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric H. Woersching sold 17,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director directly owned 12,562 shares in the company, valued at $1,624,140.98. The trade was a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 529,684 shares of company stock valued at $71,900,350 over the last three months. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PLTR shares. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Bank of America increased their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $2.56 on Friday, hitting $158.74. 101,268,725 shares of the stock were exchanged, compared to its average volume of 92,148,609. The business's fifty day moving average is $153.18 and its 200 day moving average is $121.39. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The company has a market capitalization of $376.59 billion, a PE ratio of 529.15, a P/E/G ratio of 8.79 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company's quarterly revenue 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. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.