Palantir Technologies Inc. $PLTR Stock Position Raised by Sachetta LLC

Key Points

• Sachetta LLC has significantly increased its position in Palantir Technologies Inc. by 90.3% during the second quarter, now holding 6,294 shares valued at approximately $858,000.
• Insiders sold a total of 1,591,085 shares worth $244,676,722 in the last quarter, with notable sales from Stephen Andrew Cohen and Alexander C. Karp, representing significant decreases in their positions.
• Palantir Technologies reported a 48% year-over-year revenue growth in its last quarterly earnings, reaching $1 billion, and set fiscal year 2025 guidance with an expected EPS of 0.31.

Sachetta LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 90.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,294 shares of the company's stock after acquiring an additional 2,986 shares during the quarter. Sachetta LLC's holdings in Palantir Technologies were worth $858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies during the 2nd quarter worth $31,000. Adirondack Trust Co. grew its stake in Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after buying an additional 185 shares during the last quarter. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the first quarter worth $25,000. Finally, Park Place Capital Corp lifted its stake in Palantir Technologies by 48.1% in the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock valued at $40,000 after buying an additional 100 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. 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 quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 3.7%

Palantir Technologies stock opened at $179.53 on Tuesday. Palantir Technologies Inc. has a 52 week low of $38.78 and a 52 week high of $190.00. The stock has a market cap of $425.91 billion, a price-to-earnings ratio of 598.45, a PEG ratio of 9.66 and a beta of 2.60. The company's 50-day moving average price is $169.33 and its two-hundred day moving average price is $137.95.

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 (EPS) for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the firm posted $0.09 earnings per share. The business'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. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Loop Capital boosted their target price 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. Bank of America upped their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price target on Palantir Technologies in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average target price of $140.22.

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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