Camelot Portfolios LLC Sells 395 Shares of Palantir Technologies Inc. $PLTR

Camelot Portfolios LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,077 shares of the company’s stock after selling 395 shares during the period. Camelot Portfolios LLC’s holdings in Palantir Technologies were worth $1,510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $31,000. Adirondack Trust Co. increased its holdings 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 acquiring an additional 185 shares in the last quarter. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth $25,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,634,634 shares of company stock valued at $250,524,804 over the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies Price Performance

PLTR opened at $177.57 on Friday. The stock’s 50 day simple moving average is $166.16 and its 200 day simple moving average is $133.63. Palantir Technologies Inc. has a 1 year low of $36.05 and a 1 year high of $190.00. The firm has a market cap of $421.26 billion, a price-to-earnings ratio of 591.92, a PEG ratio of 9.91 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business 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 revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Cantor Fitzgerald upped their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Bank of America upped their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $140.22.

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.