Liberty One Investment Management LLC Trims Stake in Palantir Technologies Inc. $PLTR

Key Points

• Liberty One Investment Management LLC has significantly reduced its stake in Palantir Technologies by 53.5%, owning 2,846 shares worth approximately $388,000 after selling 3,270 shares in the second quarter.
• Palantir's latest quarterly earnings report showed an EPS of $0.16, surpassing estimates, with a revenue increase of 48% year-over-year to $1 billion.
• Several hedge funds have entered new positions in Palantir during the same quarter, indicating increased institutional interest in the company.

Liberty One Investment Management LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 53.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,846 shares of the company's stock after selling 3,270 shares during the period. Liberty One Investment Management LLC's holdings in Palantir Technologies were worth $388,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter worth $25,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies in the 2nd quarter worth $28,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the 2nd quarter worth $31,000. Tradewinds Capital Management LLC boosted its holdings in Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock worth $32,000 after buying an additional 140 shares during the period. Finally, Adirondack Trust Co. boosted its holdings in Palantir Technologies by 185.0% in the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after buying an additional 185 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.0%

PLTR opened at $181.51 on Wednesday. The firm has a 50-day simple moving average of $171.39 and a two-hundred day simple moving average of $144.68. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The company has a market capitalization of $430.60 billion, a PE ratio of 605.05, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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 business 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 EPS. The business's 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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. Company insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped 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. UBS Group reaffirmed a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $141.28.

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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