Defender Capital LLC. Has $41.80 Million Holdings in Palantir Technologies Inc. $PLTR

Defender Capital LLC. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 15.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 306,599 shares of the company’s stock after selling 54,614 shares during the quarter. Palantir Technologies makes up about 14.2% of Defender Capital LLC.’s holdings, making the stock its 2nd biggest holding. Defender Capital LLC.’s holdings in Palantir Technologies were worth $41,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its holdings in Palantir Technologies by 7.5% during the 2nd quarter. Verdence Capital Advisors LLC now owns 18,921 shares of the company’s stock valued at $2,579,000 after buying an additional 1,327 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Palantir Technologies by 27.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 101,646 shares of the company’s stock worth $13,856,000 after purchasing an additional 21,692 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Palantir Technologies by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 183,793 shares of the company’s stock worth $25,055,000 after purchasing an additional 7,738 shares in the last quarter. Concord Wealth Partners raised its holdings in Palantir Technologies by 42.6% in the 2nd quarter. Concord Wealth Partners now owns 960 shares of the company’s stock worth $131,000 after purchasing an additional 287 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Palantir Technologies by 3.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 295,368 shares of the company’s stock worth $40,265,000 after purchasing an additional 10,560 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $177.21 on Tuesday. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The company’s 50-day moving average is $171.65 and its 200 day moving average is $141.04. The company has a market capitalization of $420.40 billion, a price-to-earnings ratio of 590.72, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. 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, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLTR shares. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 5th. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their target price for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $140.22.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

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.