Palantir Technologies Inc. $PLTR Holdings Decreased by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in Palantir Technologies by 1.3%, holding 622,214 shares valued at approximately $52.5 million after selling 8,343 shares.
• Insider Alexander C. Karp sold 222,878 shares at an average price of $151.37, while Stephen Andrew Cohen sold 191,720 shares, indicating significant insider sell-off activity.
• Palantir Technologies reported a 48% increase in quarterly revenue compared to the same period last year, achieving $1 billion in revenue and beating analysts' earnings expectations.

MetLife Investment Management LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 622,214 shares of the company's stock after selling 8,343 shares during the period. MetLife Investment Management LLC's holdings in Palantir Technologies were worth $52,515,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $25,000. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth about $33,000. Cornerstone Planning Group LLC lifted its position in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Capital Analysts LLC lifted its position in shares of Palantir Technologies by 97.1% during the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock valued at $282,471,442 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR stock opened at $158.74 on Friday. The business has a fifty day moving average price of $153.61 and a 200 day moving average price of $121.91. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00. The stock has a market capitalization of $376.59 billion, a price-to-earnings ratio of 529.15, a P/E/G ratio of 8.95 and a beta of 2.60.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Mizuho raised 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. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $136.61.

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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