Silverleafe Capital Partners LLC Sells 12,858 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Silverleafe Capital Partners LLC reduced its stake in Palantir Technologies by 37.0%, selling 12,858 shares and now holding 21,931 shares valued at approximately $2,990,000.
• Palantir Technologies reported a 48.0% year-over-year increase in revenue, reaching $1 billion with earnings per share of $0.16, surpassing analyst estimates.
• Institutional investors now own 45.65% of Palantir's stock, indicating strong interest as several major hedge funds increased their holdings during the first quarter.

Silverleafe Capital Partners LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,931 shares of the company's stock after selling 12,858 shares during the period. Palantir Technologies makes up 1.0% of Silverleafe Capital Partners LLC's portfolio, making the stock its 21st biggest holding. Silverleafe Capital Partners LLC's holdings in Palantir Technologies were worth $2,990,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLTR. Nuveen LLC bought a new stake in Palantir Technologies during the first quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD raised its position in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the last quarter. Amundi raised its position in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after buying an additional 3,815,386 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 4.3%

NASDAQ:PLTR opened at $171.43 on Monday. Palantir Technologies Inc. has a 12-month low of $34.89 and a 12-month high of $190.00. The firm has a market capitalization of $406.69 billion, a PE ratio of 571.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.59. The firm has a 50-day moving average price of $160.07 and a 200 day moving average price of $127.42.

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

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital upped their price objective 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. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Four 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $136.61.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 160,164 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $92,204. This represents a 99.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,604,634 shares of company stock valued at $245,441,454. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Company 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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