Palantir Technologies Inc. $PLTR Shares Sold by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC has reduced its holdings in Palantir Technologies by 43.5%, selling 66,833 shares, leaving it with 86,829 shares worth approximately $7.33 million.
• Insider transactions reveal that significant sales occurred, with insider Stephen Andrew Cohen selling 160,164 shares, resulting in a 99.63% decrease in his position.
• Palantir Technologies recently reported earnings of $0.16 EPS, exceeding analysts' expectations, driven by a 48% year-over-year revenue increase, totaling $1 billion.

Zuckerman Investment Group LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,829 shares of the company's stock after selling 66,833 shares during the period. Zuckerman Investment Group LLC's holdings in Palantir Technologies were worth $7,328,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Invesco Ltd. lifted its holdings in 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 during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of 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. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 9,211 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the transaction, the insider owned 343,518 shares in the company, valued at approximately $53,502,928.50. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of Palantir Technologies stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $92,204. This trade represents a 99.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,906,783 shares of company stock worth $282,471,442. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $157.17 on Tuesday. The company has a 50 day moving average price of $153.92 and a 200 day moving average price of $122.31. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The firm has a market capitalization of $372.86 billion, a price-to-earnings ratio of 523.92, a P/E/G ratio of 8.95 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 last year, the business posted $0.09 EPS. The company's revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on PLTR. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Loop Capital raised their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $136.61.

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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