Bell Bank Sells 151 Shares of Palantir Technologies Inc. $PLTR

Bell Bank trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,569 shares of the company’s stock after selling 151 shares during the quarter. Bell Bank’s holdings in Palantir Technologies were worth $1,032,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 0.3% in 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 period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Invesco Ltd. boosted its position in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after buying an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 571,544 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $182.39 on Friday. The firm has a market cap of $432.69 billion, a P/E ratio of 607.99, a P/E/G ratio of 9.97 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $35.71 and a fifty-two week high of $190.00. The firm has a 50-day simple moving average of $163.32 and a two-hundred day simple moving average of $129.92.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total value of $3,484,950.00. Following the transaction, the director owned 59,794 shares of the company’s stock, valued at approximately $9,922,814.30. This trade represents a 25.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,625,634 shares of company stock valued at $248,926,404. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PLTR shares. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital lifted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $138.28.

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.