Optima Capital LLC Lowers Stake in Palantir Technologies Inc. $PLTR

Key Points

• Optima Capital LLC reduced its stake in Palantir Technologies by 15%, now holding 10,736 shares valued at approximately $1.46 million.
• Several hedge funds have adjusted their positions in PLTR, with Toronto Dominion Bank increasing its stake by 266.2%, now owning nearly 3.93 million shares valued at $297.45 million.
• Recent insider sales include Shyam Sankar and Alexander C. Karp, who sold a combined 597,878 shares valued at over $90 million, indicating significant transactions among executives.

Optima Capital LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,736 shares of the company's stock after selling 1,890 shares during the period. Optima Capital LLC's holdings in Palantir Technologies were worth $1,464,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Palantir Technologies by 132.4% during the fourth quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after purchasing an additional 31,383 shares during the period. Toronto Dominion Bank grew its position in Palantir Technologies by 266.2% in the 4th quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock valued at $297,449,000 after buying an additional 2,859,091 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Palantir Technologies by 26.8% in the 4th quarter. Mackenzie Financial Corp now owns 235,979 shares of the company's stock valued at $17,847,000 after buying an additional 49,881 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,634,634 shares of company stock worth $250,524,804. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

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

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion during 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 business'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. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $138.28.

Palantir Technologies Company 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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