Palantir Technologies Inc. $PLTR Position Reduced by Bouvel Investment Partners LLC

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 decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 87,753 shares of the company's stock after selling 26,366 shares during the period. Palantir Technologies makes up about 4.0% of Bouvel Investment Partners LLC's investment portfolio, making the stock its 4th largest position. Bouvel Investment Partners LLC's holdings in Palantir Technologies were worth $11,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PLTR. Mechanics Financial Corp purchased a new position in Palantir Technologies in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director directly owned 59,794 shares of the company's stock, valued at $9,922,814.30. The trade was a 25.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock worth $248,926,404 in the last ninety days. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 3.1%

PLTR stock opened at $182.39 on Friday. The company has a market capitalization of $432.69 billion, a P/E ratio of 607.99, a PEG ratio of 10.28 and a beta of 2.59. The company has a 50-day simple moving average of $163.32 and a 200 day simple moving average of $130.19. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company'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. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $138.28.

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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