Palantir Technologies Inc. $PLTR Shares Sold by GLOBALT Investments LLC GA

Key Points

• GLOBALT Investments LLC has reduced its holdings in Palantir Technologies by 5.6%, selling 2,034 shares, resulting in ownership of 34,186 shares worth approximately $4.66 million.
• Caitong International Asset Management Co. Ltd significantly increased its position in Palantir, purchasing an additional 103,688 shares, raising its total holdings to 103,769 shares valued at $14.15 million.
• Palantir's recent earning results exceeded expectations, reporting $1 billion in revenue—48% higher year-over-year—and an earnings per share of $0.16, surpassing the consensus estimate of $0.14.

GLOBALT Investments LLC GA reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,186 shares of the company's stock after selling 2,034 shares during the period. GLOBALT Investments LLC GA's holdings in Palantir Technologies were worth $4,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its position in shares of Palantir Technologies by 836.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 15,859 shares of the company's stock worth $2,162,000 after purchasing an additional 14,165 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Palantir Technologies by 128,009.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 103,769 shares of the company's stock worth $14,146,000 after purchasing an additional 103,688 shares during the period. Asset Management One Co. Ltd. raised its holdings in Palantir Technologies by 4.8% in the second quarter. Asset Management One Co. Ltd. now owns 928,091 shares of the company's stock valued at $126,517,000 after acquiring an additional 42,517 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $1,972,000. Finally, AlTi Global Inc. purchased a new stake in Palantir Technologies during the 2nd quarter worth about $472,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR opened at $180.48 on Friday. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The company's 50 day simple moving average is $171.20 and its 200 day simple moving average is $145.60. The company has a market capitalization of $428.16 billion, a price-to-earnings ratio of 601.62, a PEG ratio of 9.51 and a beta of 2.60.

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, 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the business posted $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. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Piper Sandler upped their price objective on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $141.28.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is currently owned by corporate 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.

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