Palantir Technologies Inc. $PLTR Shares Sold by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC has decreased its stake in Palantir Technologies by 27.7%, selling 5,672 shares, and now holds 14,774 shares valued at approximately $2,014,000.
• Palantir Technologies reported earnings per share (EPS) of $0.16 for the last quarter, exceeding analysts' expectations, with a revenue increase of 48.0% year-over-year.
• Insiders have significantly sold shares recently, with notable transactions resulting in a total of 1,625,634 shares sold over the last ninety days, valued at $248,926,404.

Sivia Capital Partners LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,774 shares of the company's stock after selling 5,672 shares during the period. Palantir Technologies makes up 0.6% of Sivia Capital Partners LLC's investment portfolio, making the stock its 19th largest holding. Sivia Capital Partners LLC's holdings in Palantir Technologies were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Optima Capital LLC raised its position in Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after acquiring an additional 81 shares during the last quarter. Allegiance Financial Group Advisory Services LLC grew its holdings in Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC grew its holdings in Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock valued at $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC grew its holdings in Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after purchasing an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC grew its stake in Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.6%

Shares of PLTR opened at $170.26 on Wednesday. The firm has a 50-day moving average price of $161.32 and a 200 day moving average price of $128.32. The firm has a market capitalization of $403.91 billion, a PE ratio of 567.55, a P/E/G ratio of 9.65 and a beta of 2.59. Palantir Technologies Inc. has a 52-week low of $35.71 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. Palantir Technologies'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. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director directly owned 59,794 shares of the company's stock, valued at approximately $9,922,814.30. This represents a 25.99% decrease in their ownership of the stock. 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 the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 1,625,634 shares of company stock valued at $248,926,404. Corporate insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reissued a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $138.28.

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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