Uhlmann Price Securities LLC Has $1.30 Million Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Uhlmann Price Securities LLC has reduced its holdings in Palantir Technologies Inc. by 33.8%, now owning 9,520 shares, valued at approximately $1.30 million.
• Palantir Technologies reported a quarterly earnings per share of $0.16, exceeding analysts' expectations, with revenue of $1 billion for the quarter, showing a year-over-year increase of 48.0%.
• Insiders have sold nearly 1.56 million shares of Palantir Technologies stock worth approximately $239.7 million over the past 90 days, representing a 12.93% ownership by corporate insiders.

Uhlmann Price Securities LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 33.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,520 shares of the company's stock after selling 4,870 shares during the quarter. Palantir Technologies makes up approximately 0.9% of Uhlmann Price Securities LLC's holdings, making the stock its 22nd largest holding. Uhlmann Price Securities LLC's holdings in Palantir Technologies were worth $1,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the 1st quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $28,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 0.0%

PLTR stock opened at $178.15 on Monday. The business's fifty day moving average is $171.52 and its 200-day moving average is $143.67. The company has a market cap of $422.63 billion, a P/E ratio of 593.85, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $190.00.

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 for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction on 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 completion of the sale, the insider owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,750 shares of company stock worth $239,713,896 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of several research reports. Loop Capital upped their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Bank of America upped their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Citigroup reaffirmed a "neutral" rating and set a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $141.28.

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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