Palantir Technologies Inc. $PLTR Shares Sold by Cim LLC

Key Points

• Cim LLC has reduced its stake in Palantir Technologies by 46.4%, selling off 14,822 shares during the first quarter, leaving it with 17,150 shares valued at approximately $1.4 million.
• Several hedge funds have also adjusted their positions, with significant increases in holdings, including Bison Wealth LLC raising its stake by 37.4% and Jacobs Levy Equity Management Inc. increasing theirs by 120.2% during the last quarter.
• Insider transactions saw Shyam Sankar and Stephen Andrew Cohen sell over half a million shares combined, indicating a decrease in their ownership stakes and highlighting potential concerns among insiders.

Cim LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 46.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,150 shares of the company's stock after selling 14,822 shares during the quarter. Cim LLC's holdings in Palantir Technologies were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $450,000. Bison Wealth LLC raised its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Palantir Technologies by 120.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company's stock worth $1,254,000 after purchasing an additional 9,052 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Palantir Technologies by 6.8% during the fourth quarter. Nuveen Asset Management LLC now owns 5,219,689 shares of the company's stock worth $394,765,000 after purchasing an additional 332,546 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $2,035,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PLTR shares. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Bank of America lifted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price 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. Finally, Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $136.61.

Insider Transactions at Palantir Technologies

In related 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 value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, 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 sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $164.36 on Friday. The firm's fifty day moving average price is $159.32 and its 200 day moving average price is $126.29. Palantir Technologies Inc. has a 1-year low of $34.53 and a 1-year high of $190.00. The firm has a market cap of $389.92 billion, a price-to-earnings ratio of 547.88, a price-to-earnings-growth ratio of 9.40 and a beta of 2.59.

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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the firm posted $0.09 EPS. Palantir Technologies's quarterly 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. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies 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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