Jump Financial LLC Sells 1,881 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Jump Financial LLC reduced its stake in Palantir Technologies Inc. by 15.1%, selling 1,881 shares, and now owns 10,548 shares valued at approximately $890,000.
• Multiple institutional investors have increased their positions in Palantir Technologies, with Cornerstone Planning Group LLC increasing its stake by 90.2% in the first quarter.
• Analysts' price targets for Palantir Technologies vary significantly, with forecasts ranging from $40 to $180, and a consensus rating of "Hold" among analysts.

Jump Financial LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,548 shares of the company's stock after selling 1,881 shares during the quarter. Jump Financial LLC's holdings in Palantir Technologies were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Nuveen LLC bought a new stake in Palantir Technologies in the first quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Invesco Ltd. increased its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Finally, Clear Street Derivatives LLC bought a new stake in Palantir Technologies in the fourth quarter worth approximately $216,953,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ:PLTR traded down $1.41 during mid-day trading on Friday, hitting $156.71. 45,138,872 shares of the company traded hands, compared to its average volume of 84,324,376. The stock has a market cap of $371.77 billion, a P/E ratio of 712.32, a P/E/G ratio of 8.83 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The stock has a 50-day moving average price of $155.46 and a two-hundred day moving average price of $123.44.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the completion of the sale, the insider owned 363,755 shares in the company, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. 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 ninety days. Company insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PLTR shares. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Citigroup restated a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.