Palantir Technologies Inc. $PLTR Stake Decreased by Kathmere Capital Management LLC

Key Points

• Kathmere Capital Management LLC decreased its stake in Palantir Technologies by 9.1%, holding 16,486 shares worth $2,247,000 after selling 1,659 shares during the second quarter.
• Palantir Technologies reported $1 billion in revenue for the recent quarter, surpassing analyst expectations and showing a 48.0% year-over-year growth, with earnings per share at $0.16.
• Insider Ryan D. Taylor and Shyam Sankar sold significant portions of their shares, indicating a 10.49% and 34.79% decrease in their positions, respectively, over the past months.

Kathmere Capital Management LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,486 shares of the company's stock after selling 1,659 shares during the period. Kathmere Capital Management LLC's holdings in Palantir Technologies were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC raised its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $366,000. MassMutual Private Wealth & Trust FSB raised its holdings in Palantir Technologies by 52.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company's stock worth $650,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Palantir Technologies during the first quarter worth approximately $241,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $177.57 on Friday. The stock has a market capitalization of $421.26 billion, a P/E ratio of 591.92, a P/E/G ratio of 9.99 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00. The business's fifty day moving average is $166.16 and its two-hundred day moving average is $133.28.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. The company's quarterly 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, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on 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 transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on 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. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,634,634 shares of company stock worth $250,524,804. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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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