Palantir Technologies Inc. $PLTR Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 56.2% during the second quarter, HoldingsChannel reports. The fund owned 42,985 shares of the company’s stock after selling 55,203 shares during the quarter. IFP Advisors Inc’s holdings in Palantir Technologies were worth $5,860,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Invesco Ltd. boosted its stake in Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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. boosted its stake in Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after acquiring an additional 571,544 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Bank of America increased their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, UBS Group reissued a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Up 1.0%

PLTR stock opened at $185.47 on Friday. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The firm’s 50-day simple moving average is $170.89 and its 200 day simple moving average is $139.18. The stock has a market cap of $440.00 billion, a PE ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60.

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, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,591,085 shares of company stock worth $244,714,146. 9.23% of the stock is owned by company insiders.

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.