Estate Counselors LLC Sells 95,520 Shares of Palantir Technologies Inc. $PLTR

Estate Counselors LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 65.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,375 shares of the company’s stock after selling 95,520 shares during the quarter. Estate Counselors LLC’s holdings in Palantir Technologies were worth $4,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after purchasing an additional 6,479 shares during the last quarter. Garrison Bradford & Associates Inc. bought a new stake in Palantir Technologies during the first quarter valued at approximately $45,000. Menard Financial Group LLC grew its stake in Palantir Technologies by 8.2% in the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company’s stock worth $2,189,000 after buying an additional 1,964 shares in the last quarter. TCW Group Inc. grew its stake in Palantir Technologies by 14.5% in the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company’s stock worth $2,703,000 after buying an additional 4,068 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock worth $2,030,000 after buying an additional 6,405 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Eric H. Woersching sold 17,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director directly owned 12,562 shares of the company’s stock, valued at approximately $1,624,140.98. This represents a 57.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 529,684 shares of company stock worth $71,900,350 over the last ninety days. 9.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLTR. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $136.61.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $156.01 on Thursday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The business’s 50 day simple moving average is $152.76 and its two-hundred day simple moving average is $120.89. The stock has a market capitalization of $370.11 billion, a P/E ratio of 520.05, a price-to-earnings-growth ratio of 8.89 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue 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. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.