Sage Capital Advisors llc Sells 28,970 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Sage Capital Advisors reduced its stake in Palantir Technologies by 30.7%, selling 28,970 shares, which now represent about 2.2% of its portfolio.
• Insider trading activity included Ryan D. Taylor selling 36,048 shares worth over $5.7 million, reflecting a 10.49% decrease in ownership.
• Palantir Technologies saw its stock rise 4.3%, with a market capitalization of approximately $406.69 billion, and it recently reported a quarterly revenue increase of 48% year-over-year.

Sage Capital Advisors llc lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,331 shares of the company's stock after selling 28,970 shares during the quarter. Palantir Technologies accounts for about 2.2% of Sage Capital Advisors llc's portfolio, making the stock its 8th biggest position. Sage Capital Advisors llc's holdings in Palantir Technologies were worth $8,906,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Palantir Technologies by 120.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company's stock valued at $1,254,000 after purchasing an additional 9,052 shares in the last quarter. Pathstone Holdings LLC grew its stake in Palantir Technologies by 7.5% in the fourth quarter. Pathstone Holdings LLC now owns 116,853 shares of the company's stock valued at $8,838,000 after purchasing an additional 8,146 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in Palantir Technologies in the fourth quarter valued at approximately $1,002,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was 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. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock valued at $245,441,454 over the last ninety days. Insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 4.3%

Palantir Technologies stock opened at $171.43 on Friday. The company has a market capitalization of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.26 and a beta of 2.59. The stock has a 50-day moving average price of $160.07 and a two-hundred day moving average price of $126.87. Palantir Technologies Inc. has a 12 month low of $34.89 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business's quarterly 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. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Citigroup restated a "neutral" rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $136.61.

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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