Sapient Capital LLC Has $14.31 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Sapient Capital LLC has reduced its holdings in Palantir Technologies by 3.4%, now owning 104,980 shares valued at approximately $14.31 million.
• Insider trading activity includes Ryan D. Taylor selling 36,048 shares for over $5.7 million, decreasing his ownership by 10.49%.
• Palantir reported quarterly earnings exceeding analyst expectations, with a 48% year-over-year revenue increase and an EPS of $0.16, surpassing the consensus estimate of $0.14.

Sapient Capital LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,980 shares of the company's stock after selling 3,723 shares during the period. Sapient Capital LLC's holdings in Palantir Technologies were worth $14,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Pallas Capital Advisors LLC raised its holdings in Palantir Technologies by 7.0% during the second quarter. Pallas Capital Advisors LLC now owns 17,476 shares of the company's stock worth $2,382,000 after acquiring an additional 1,150 shares in the last quarter. GSG Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $254,000. FOCUS Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $1,970,000. Mirador Capital Partners LP grew its stake in shares of Palantir Technologies by 3.6% in the second quarter. Mirador Capital Partners LP now owns 14,464 shares of the company's stock valued at $1,972,000 after buying an additional 496 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Palantir Technologies by 2.0% in the second quarter. Gateway Investment Advisers LLC now owns 371,058 shares of the company's stock valued at $50,583,000 after buying an additional 7,354 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated 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 sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,625,634 shares of company stock valued at $248,926,404. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 0.6%

Shares of Palantir Technologies stock opened at $170.26 on Wednesday. The company has a market capitalization of $403.91 billion, a price-to-earnings ratio of 567.55, a PEG ratio of 9.65 and a beta of 2.59. Palantir Technologies Inc. has a 12-month low of $35.71 and a 12-month high of $190.00. The firm's 50-day moving average price is $161.32 and its two-hundred day moving average price is $128.32.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on PLTR shares. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $138.28.

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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