Palantir Technologies Inc. $PLTR Position Lifted by KADENSA CAPITAL Ltd

Key Points

• KADENSA CAPITAL Ltd significantly increased its stake in Palantir Technologies by 4,300.8%, owning 286,756 shares valued at approximately $24.2 million.
• Palantir recently reported $1 billion in revenue for the last quarter, surpassing estimates by nearly $61 million, and achieved an earnings per share of $0.16, beating expectations of $0.14.
• Insiders at Palantir have sold approximately 1.99 million shares worth about $295 million over the past quarter, reducing their ownership to 9.23% of total shares outstanding.

KADENSA CAPITAL Ltd boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4,300.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 286,756 shares of the company's stock after buying an additional 280,240 shares during the period. Palantir Technologies makes up about 3.0% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 6th largest position. KADENSA CAPITAL Ltd's holdings in Palantir Technologies were worth $24,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth 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 valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Caxton Associates LP purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $295,000. Cary Street Partners Financial LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $809,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $303,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR opened at $156.14 on Friday. Palantir Technologies Inc. has a 12-month low of $29.50 and a 12-month high of $190.00. The firm's fifty day moving average price is $156.55 and its 200 day moving average price is $124.44. The stock has a market capitalization of $370.42 billion, a PE ratio of 520.48, a P/E/G ratio of 8.73 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 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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm's revenue for the quarter 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, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 1,990,586 shares of company stock valued at $295,423,583 over the last quarter. 9.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLTR. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average 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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