Palantir Technologies Inc. sell shares in Rubicon Technologies through Investing.com

Palantir Technologies (NYSE:) Inc., known for its significant holdings in various technology companies, recently completed a series of sales of shares in Rubicon Technologies, Inc. (NASDAQ:RBTC). These transactions, which took place over a three-day period, resulted in Palantir selling a total of 101,802 shares of Rubicon Technologies’ Class A common stock.

The sales took place between September 23 and 25, with different prices for the shares. On the first day, 60,000 shares were sold at a price of $0.051 each. The next day, 22,802 shares were sold, with prices ranging from $0.0467 to $0.0503, as detailed in a footnote in the SEC filing. The weighted average sale price for this transaction was reported at $0.048. In the last day, Palantir sold 19,000 shares at a weighted average price of $0.0463, with individual sale prices ranging from $0.045 to $0.05.

The total dollar value of sales over these three days amounted to approximately $5,034. These transactions adjusted Palantir’s holdings in Rubicon Technologies, although the company still retains a significant number of shares after the deal.

Investors and market watchers often watch such filings to gauge the sentiment of major shareholders toward the company’s stock. The Palantir divestiture, although a small part of its total ownership, could be of interest to those who follow the company’s investment patterns.

For more details about specific transactions, including the exact number of shares sold at each separate price in the ranges provided, Palantir Technologies has undertaken to provide this information upon request by the SEC, Rubicon Technologies or any of the respective security holders.

InvestingPro Insights

That Palantir Technologies Inc . adjusts its investment in Rubicon Technologies, Inc. (NASDAQ:RBTC), investors can benefit from a closer look at Rubicon’s financial health and market performance. According to InvestingPro data, Rubicon Technologies currently has a market cap of $3.55 million, which is relatively small, reflecting the company’s niche position in the market. The stock has seen significant volatility with a one-week total price return of -12.57% and a staggering one-year total price return of -98.02%, indicating a sharp drop in investor confidence over the past year.

InvestingPro tips highlight some of the challenges facing Rubicon Technologies. The company is operating with a significant debt burden and has quickly eaten through cash. This is also compounded by weak gross profit margins, which stand at 6.58% for the trailing twelve months through Q2 2024. Additionally, analysts do not anticipate Rubicon to be profitable this year, which may contribute to the performance weak action in different time intervals. , including a six-month total price return of -86.28%. Such values ​​suggest that investors should proceed with caution when considering this stock.

For those interested in a deeper analysis, InvestingPro provides additional information. There are 16 more InvestingPro tips available for Rubicon Technologies that can be accessed to gain a comprehensive understanding of the company’s financial outlook and stock performance. These tips provide valuable context for Palantir’s recent selloff and can help investors make informed decisions.

To explore this information and advice in detail, visit InvestingPro’s dedicated page for Rubicon Technologies at https://www.investing.com/pro/RBTC.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.