Palantir Technologies Inc. $PLTR Shares Sold by DMC Group LLC

Key Points

• DMC Group LLC has reduced its holdings in Palantir Technologies by 16.2%, now owning 21,918 shares valued at approximately $2,988,000.
• Palantir reported $1 billion in revenue for the last quarter, exceeding estimates, and posted earnings per share of $0.16, surpassing forecasts by $0.02.
• Recent insider activity included Alexander C. Karp selling 222,878 shares at an average price of $151.37, indicating a 3.35% decrease in ownership.

DMC Group LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,918 shares of the company's stock after selling 4,223 shares during the quarter. Palantir Technologies accounts for about 2.3% of DMC Group LLC's holdings, making the stock its 7th largest holding. DMC Group LLC's holdings in Palantir Technologies were worth $2,988,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies during the 1st quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD increased its stake in 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 buying an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 buying an additional 4,221,392 shares in the last quarter. Finally, Amundi increased its stake 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 buying an additional 3,815,386 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $182.17 on Wednesday. The firm has a market capitalization of $432.17 billion, a price-to-earnings ratio of 607.25, a PEG ratio of 10.02 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $39.01 and a fifty-two week high of $190.00. The stock has a 50 day moving average of $169.85 and a 200 day moving average of $138.26.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of the company'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 $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $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. Insiders sold 1,591,085 shares of company stock valued at $244,714,146 over the last ninety days. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on PLTR. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Bank of America boosted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Finally, UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $140.22.

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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