Voleon Capital Management LP Sells 69,260 Shares of Palantir Technologies Inc. $PLTR

Voleon Capital Management LP trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 86.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,210 shares of the company's stock after selling 69,260 shares during the period. Voleon Capital Management LP's holdings in Palantir Technologies were worth $946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies during the first quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth $27,000. Richardson Capital Management LLC bought a new position in Palantir Technologies in the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 2.0%

Shares of PLTR stock opened at $156.10 on Tuesday. Palantir Technologies Inc. has a 12 month low of $32.47 and a 12 month high of $190.00. The stock has a market cap of $370.32 billion, a P/E ratio of 520.35, a P/E/G ratio of 8.63 and a beta of 2.59. The company has a 50 day simple moving average of $157.39 and a two-hundred day simple moving average of $125.24.

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

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the transaction, the insider directly owned 363,755 shares of the company's stock, valued at $54,563,250. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,568,586 shares of company stock worth $239,733,253 in the last three months. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PLTR. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. 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. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Finally, Loop Capital raised their price target 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. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

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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