Palantir Technologies Inc. $PLTR Shares Sold by Kaizen Financial Strategies

Kaizen Financial Strategies lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,054 shares of the company’s stock after selling 878 shares during the period. Kaizen Financial Strategies’ holdings in Palantir Technologies were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp increased its holdings in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after acquiring an additional 12,300 shares in the last quarter. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $204,000. New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

PLTR stock opened at $184.17 on Thursday. Palantir Technologies Inc. has a one year low of $58.53 and a one year high of $207.52. The stock has a market capitalization of $436.91 billion, a P/E ratio of 438.51, a PEG ratio of 7.40 and a beta of 2.63. The company has a 50 day moving average price of $179.73 and a two-hundred day moving average price of $155.83.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for 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%.The business’s revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the 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 completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. Insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Daiwa Capital Markets raised their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley upped their target price on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $172.28.

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.