Palantir Technologies Inc. $PLTR Shares Sold by Independent Solutions Wealth Management LLC

Key Points

• Independent Solutions Wealth Management LLC reduced its holdings in Palantir Technologies by 2.6%, now owning 97,418 shares valued at approximately $13.3 million.
• Several other large investors have also adjusted their stakes, with institutional ownership currently at 45.65%.
• Palantir's recent earnings report revealed a 48% year-over-year revenue increase, marking a revenue of $1 billion and an earnings per share of $0.16, exceeding estimates.

Independent Solutions Wealth Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,418 shares of the company's stock after selling 2,578 shares during the period. Palantir Technologies comprises 2.6% of Independent Solutions Wealth Management LLC's holdings, making the stock its 7th biggest holding. Independent Solutions Wealth Management LLC's holdings in Palantir Technologies were worth $13,280,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after purchasing an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies in the second quarter worth about $2,543,888,000. Invesco Ltd. increased its position in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after acquiring an additional 571,544 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Five research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Price Performance

Shares of PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The company's fifty day moving average price is $169.33 and its 200 day moving average price is $137.95. The company has a market capitalization of $425.91 billion, a PE ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period last year, the business posted $0.09 earnings per share. The firm's 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. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other news, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction dated 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 approximately $106,261,243.20. The trade was a 34.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,591,085 shares of company stock worth $244,676,722. Corporate insiders own 12.93% of the company's stock.

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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