Palantir Technologies Inc. $PLTR Shares Sold by Woodmont Investment Counsel LLC

Key Points

• Woodmont Investment Counsel LLC reduced its holdings in Palantir Technologies by 16.1% in the second quarter, resulting in ownership of approximately 25,901 shares valued at $3.53 million.
• Insider transactions reveal significant sales, with Ryan D. Taylor selling 36,048 shares and Shyam Sankar selling 375,000 shares, marking decreases of 10.49% and 34.79% in their respective positions.
• Palantir Technologies recently posted earnings with $0.16 earnings per share, exceeding estimates and reflecting 48.0% revenue growth year-over-year.

Woodmont Investment Counsel LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,901 shares of the company's stock after selling 4,958 shares during the period. Woodmont Investment Counsel LLC's holdings in Palantir Technologies were worth $3,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC acquired a new stake in Palantir Technologies in the second quarter valued at about $2,543,888,000. Nuveen LLC acquired a new stake in Palantir Technologies in the first quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD lifted its position in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. lifted its position in Palantir Technologies by 38.5% in 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 purchasing an additional 4,221,392 shares during the period. Finally, Amundi lifted its position in Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,676,722 over the last three months. Insiders own 12.93% of the company's stock.

Palantir Technologies Trading Down 7.5%

NASDAQ:PLTR opened at $173.07 on Monday. The firm has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. The firm's fifty day simple moving average is $168.90 and its 200 day simple moving average is $137.33. Palantir Technologies Inc. has a twelve month low of $38.78 and a twelve month high of $190.00.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $140.22.

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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