Palantir Technologies Inc. $PLTR Stake Lessened by Cooper Financial Group

Key Points

• Cooper Financial Group reduced its stake in Palantir Technologies by 28.0%, now holding 6,136 shares valued at approximately $836,000.
• Insider David A. Glazer sold 81,000 shares, indicating a 15.82% decrease in his ownership, while another insider, Shyam Sankar, sold 375,000 shares, reflecting a 34.79% drop in his holdings.
• Palantir Technologies reported a 48.0% increase in revenue year-over-year, reaching $1 billion for the last quarter, with earnings per share of $0.16, exceeding analysts' expectations.

Cooper Financial Group trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,136 shares of the company's stock after selling 2,392 shares during the period. Cooper Financial Group's holdings in Palantir Technologies were worth $836,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the firm'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 completion of the transaction, the insider owned 702,786 shares in the company, valued at $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies Trading Up 1.4%

Shares of NASDAQ:PLTR opened at $184.95 on Thursday. Palantir Technologies Inc. has a 1 year low of $36.15 and a 1 year high of $190.00. The firm has a fifty day moving average price of $167.97 and a 200 day moving average price of $135.33. The stock has a market capitalization of $438.76 billion, a PE ratio of 616.52, a P/E/G ratio of 10.18 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the business 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, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLTR shares. Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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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