Palantir Technologies Inc. $PLTR Shares Sold by Burford Brothers Inc.

Burford Brothers Inc. cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,652 shares of the company’s stock after selling 107 shares during the quarter. Burford Brothers Inc.’s holdings in Palantir Technologies were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at $28,000. Family Legacy Financial Solutions LLC acquired a new stake in Palantir Technologies during the 2nd quarter valued at $31,000. Tradewinds Capital Management LLC lifted its holdings in 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 buying an additional 140 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in Palantir Technologies by 185.0% in the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $178.15 on Friday. 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 52 week low of $40.90 and a 52 week high of $190.00. The company’s fifty day moving average is $171.52 and its 200-day moving average is $143.25.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) 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 net margin of 22.18% and a return on equity of 10.75%. The company’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLTR shares. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.28.

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.