Palantir Technologies Inc. $PLTR is Privium Fund Management B.V.'s 4th Largest Position

Key Points

• Privium Fund Management B.V. has reduced its position in Palantir Technologies by 2.8%, holding a total of 350,000 shares, which constitutes approximately 10.1% of its portfolio, making it the firm's 4th largest position.
• Several institutional investors are actively adjusting their stakes in Palantir, with 45.65% of the company's stock now owned by such entities.
• Insider selling has been significant, with insiders offloading 1,557,750 shares valued at $239.7 million over the last quarter.

Privium Fund Management B.V. reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the company's stock after selling 10,000 shares during the period. Palantir Technologies comprises about 10.1% of Privium Fund Management B.V.'s portfolio, making the stock its 4th biggest holding. Privium Fund Management B.V.'s holdings in Palantir Technologies were worth $46,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new position in Palantir Technologies during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

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 transaction 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 filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Up 1.9%

Palantir Technologies stock opened at $181.59 on Tuesday. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The firm has a market capitalization of $430.79 billion, a price-to-earnings ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60. The company has a fifty day simple moving average of $171.50 and a 200-day simple moving average of $144.42.

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

About Palantir Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.