Silvant Capital Management LLC Has $15.35 Million Position in Palantir Technologies Inc. $PLTR

Silvant Capital Management LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 54.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,564 shares of the company’s stock after selling 136,677 shares during the period. Palantir Technologies comprises about 0.6% of Silvant Capital Management LLC’s portfolio, making the stock its 25th biggest position. Silvant Capital Management LLC’s holdings in Palantir Technologies were worth $15,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp lifted its stake 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 during the period. State of Michigan Retirement System boosted its holdings 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 buying an additional 12,300 shares in the last quarter. Presilium Private Wealth LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $204,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $228,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $165.77 on Friday. The firm has a 50-day moving average of $179.76 and a 200-day moving average of $159.25. The company has a market cap of $395.10 billion, a PE ratio of 394.70, a PEG ratio of 6.43 and a beta of 2.63. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating 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 net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLTR shares. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday, November 17th. Mizuho raised their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $172.28.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 308,635 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $97,082.08. This represents a 99.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,146,892 shares of company stock valued at $186,381,382. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Company 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.