Paradigm Asset Management Co. LLC Lowers Position in Palantir Technologies Inc. $PLTR

Paradigm Asset Management Co. LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 43.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,400 shares of the company’s stock after selling 8,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Palantir Technologies were worth $1,554,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter worth $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $27,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the second quarter worth about $27,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,527,750 shares of company stock valued at $234,463,896 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $177.93 on Friday. The stock has a market capitalization of $422.11 billion, a price-to-earnings ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63. Palantir Technologies Inc. has a 1-year low of $55.30 and a 1-year high of $207.52. The business’s fifty day moving average price is $177.73 and its 200-day moving average price is $153.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLTR shares. Citigroup raised their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday. Daiwa Capital Markets raised their price objective on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler boosted their price target on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price objective on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $173.45.

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.