Silvant Capital Management LLC Has $21.04 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Silvant Capital Management LLC increased its holdings in Palantir Technologies by 7.6% during the first quarter, making Palantir approximately 1.0% of its investment portfolio, valued at over $21 million.
• Palantir reported a quarterly revenue of $1 billion, surpassing analysts' expectations and achieving a 48% annual growth, with earnings per share of $0.16, beating estimates by $0.02.
• Recent analyst ratings vary, with targets ranging from $45 to $200, and a consensus rating of "Hold" with an average target price of around $136.61.

Silvant Capital Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,241 shares of the company's stock after acquiring an additional 17,698 shares during the quarter. Palantir Technologies accounts for approximately 1.0% of Silvant Capital Management LLC's investment portfolio, making the stock its 21st biggest position. Silvant Capital Management LLC's holdings in Palantir Technologies were worth $21,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC boosted its holdings in Palantir Technologies by 46.5% during the 1st quarter. RB Capital Management LLC now owns 5,442 shares of the company's stock valued at $459,000 after acquiring an additional 1,727 shares during the period. CreativeOne Wealth LLC raised its position in shares of Palantir Technologies by 79.9% during the 1st quarter. CreativeOne Wealth LLC now owns 84,384 shares of the company's stock worth $7,122,000 after acquiring an additional 37,482 shares in the last quarter. Ieq Capital LLC raised its position in shares of Palantir Technologies by 17.7% during the 1st quarter. Ieq Capital LLC now owns 283,715 shares of the company's stock worth $23,946,000 after acquiring an additional 42,605 shares in the last quarter. Quadcap Wealth Management LLC increased its position in Palantir Technologies by 3.0% during the first quarter. Quadcap Wealth Management LLC now owns 9,306 shares of the company's stock worth $785,000 after buying an additional 269 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new position in Palantir Technologies during the first quarter worth approximately $457,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction 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 $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,906,783 shares of company stock valued at $282,471,442 in the last quarter. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Finally, Bank of America boosted their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Four 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ PLTR traded down $1.41 during trading on Friday, reaching $156.71. The company had a trading volume of 45,138,872 shares, compared to its average volume of 85,125,208. Palantir Technologies Inc. has a twelve month low of $29.31 and a twelve month high of $190.00. The stock has a market capitalization of $371.77 billion, a PE ratio of 522.38, a price-to-earnings-growth ratio of 8.83 and a beta of 2.60. The stock has a 50-day moving average price of $155.46 and a two-hundred day moving average price of $123.44.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business posted $0.09 EPS. The firm'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 predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.