Stephens Inc. AR Trims Stake in Palantir Technologies Inc. $PLTR

Key Points

• Stephens Inc. AR reduced its stake in Palantir Technologies by 14.9% in the second quarter, bringing its total holdings to 295,977 shares, valued at approximately $41.39 million.
• Palantir Technologies reported a 48% increase in quarterly revenue year-over-year, with earnings per share exceeding analyst expectations at $0.16, compared to predictions of $0.14.
• Several institutional investors have altered their positions in Palantir, with new stakes purchased by firms such as Signature Resources Capital Management and Frazier Financial Advisors, indicating ongoing interest in the company’s stock.

Stephens Inc. AR cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 295,977 shares of the company's stock after selling 51,648 shares during the period. Stephens Inc. AR's holdings in Palantir Technologies were worth $41,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $28,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $31,000. Tradewinds Capital Management LLC lifted its position in shares of Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock worth $32,000 after purchasing an additional 140 shares during the period. Finally, Adirondack Trust Co. boosted its stake in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 0.0%

Shares of NASDAQ:PLTR opened at $178.15 on Monday. The company has a market capitalization of $422.63 billion, a PE ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00. The business's fifty day simple moving average is $171.52 and its 200-day simple moving average is $143.67.

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 for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PLTR shares. UBS Group reissued a "neutral" rating and issued a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Piper Sandler lifted their price target on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Finally, Bank of America lifted their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $141.28.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

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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