Palantir Technologies Inc. $PLTR Shares Sold by IRON Financial LLC

Key Points

• IRON Financial LLC has reduced its stake in Palantir Technologies by 36.4%, selling 1,675 shares and now holding 2,925 shares worth $399,000, according to their SEC filing.
• Multiple institutional investors have recently entered positions in Palantir, with ownership now totaling 45.65% of the company's stock.
• Analysts have mixed opinions on Palantir, giving it a consensus rating of "Hold" and a target price of $140.22, with notable price targets ranging from $90.00 to $200.00 from different brokerages.

IRON Financial LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,925 shares of the company's stock after selling 1,675 shares during the period. IRON Financial LLC's holdings in Palantir Technologies were worth $399,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new position in Palantir Technologies during the first quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on PLTR. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group lifted their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $140.22.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

PLTR opened at $175.44 on Friday. The business has a 50 day simple moving average of $171.32 and a 200-day simple moving average of $139.72. The stock has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a P/E/G ratio of 10.05 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

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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