ORG Partners LLC Has $3.85 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• ORG Partners LLC has reduced its holdings in Palantir Technologies by 20.4%, now owning 29,417 shares valued at approximately $3.85 million.
• Palantir's latest quarterly earnings beat expectations, reporting $1 billion in revenue, up 48% year-over-year, and earnings per share of $0.16.
• Institutional investors own 45.65% of Palantir, with several firms increasing their stakes, including Goldman Sachs which raised its holdings by 38.5%.

ORG Partners LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,417 shares of the company's stock after selling 7,557 shares during the quarter. Palantir Technologies accounts for about 0.8% of ORG Partners LLC's investment portfolio, making the stock its 23rd largest position. ORG Partners LLC's holdings in Palantir Technologies were worth $3,845,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLTR. Northern Trust Corp increased its holdings in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies during the second quarter worth $2,543,888,000. Invesco Ltd. boosted its position in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after acquiring an additional 571,544 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $177.57 on Friday. The stock has a market cap of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.99 and a beta of 2.59. The business has a 50 day simple moving average of $166.16 and a 200 day simple moving average of $133.28. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00.

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

Insider Activity

In other Palantir Technologies 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 transaction of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,634,634 shares of company stock valued at $250,524,804. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. UBS Group restated a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Bank of America upped their price objective on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $140.22.

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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