Bouvel Investment Partners LLC Has $11.96 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Bouvel Investment Partners LLC has reduced its holdings in Palantir Technologies Inc. by 23.1%, now owning 87,753 shares valued at approximately $11.96 million.
• Insider Ryan D. Taylor and Director Lauren Elaina Friedman Stat have recently sold a total of 57,048 shares of Palantir Technologies, representing significant decreases in their ownership.
• Palantir Technologies reported a 48% increase in quarterly revenue year-over-year, achieving $1 billion, along with earnings per share of $0.16, surpassing estimates.

Bouvel Investment Partners LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,753 shares of the company's stock after selling 26,366 shares during the quarter. Palantir Technologies accounts for 4.0% of Bouvel Investment Partners LLC's portfolio, making the stock its 4th largest position. Bouvel Investment Partners LLC's holdings in Palantir Technologies were worth $11,962,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Nuveen LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD raised its stake in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi grew its position in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $5.42 during trading on Friday, hitting $182.39. 108,970,930 shares of the stock were exchanged, compared to its average volume of 60,825,608. The company's fifty day simple moving average is $163.32 and its 200-day simple moving average is $130.54. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The company has a market capitalization of $432.69 billion, a price-to-earnings ratio of 607.99, 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Palantir Technologies's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, 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 a number of recent research reports. Mizuho set a $165.00 target price on shares of Palantir Technologies in a research report on Monday, September 15th. Loop Capital increased their target price on shares of 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 report on Saturday, August 30th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $138.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction 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 transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 12.93% of the stock is currently owned by company insiders.

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.