Penserra Capital Management LLC Sells 64,727 Shares of Palantir Technologies Inc. $PLTR

Penserra Capital Management LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,971 shares of the company’s stock after selling 64,727 shares during the quarter. Penserra Capital Management LLC’s holdings in Palantir Technologies were worth $21,942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLTR. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday. Mizuho boosted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, DA Davidson upped their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday. Five research 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. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $173.45.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $177.93 on Friday. Palantir Technologies Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The company has a market cap of $422.11 billion, a price-to-earnings ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63. The business’s 50 day moving average price is $177.73 and its 200-day moving average price is $153.68.

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

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.