Palantir Technologies Inc. $PLTR Stock Holdings Cut by Warburton Capital Management LLC

Warburton Capital Management LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,242 shares of the company’s stock after selling 8,858 shares during the quarter. Palantir Technologies makes up 1.2% of Warburton Capital Management LLC’s holdings, making the stock its 9th largest position. Warburton Capital Management LLC’s holdings in Palantir Technologies were worth $2,078,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 2.8%

PLTR opened at $180.48 on Friday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The business has a fifty day simple moving average of $171.20 and a 200-day simple moving average of $145.60. The firm has a market cap of $428.16 billion, a P/E ratio of 601.62, a P/E/G ratio of 9.51 and a beta of 2.60.

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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value 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 trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last 90 days. Insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.