Trust Investment Advisors Takes Position in Palantir Technologies Inc. $PLTR

Trust Investment Advisors bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, Holdings Channel reports. The fund bought 1,903 shares of the company’s stock, valued at approximately $259,000.

Several other large investors also recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of Palantir Technologies by 0.3% during the first 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the second quarter worth about $2,543,888,000. Invesco Ltd. grew its stake in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 2.5%

PLTR opened at $189.18 on Tuesday. The business’s 50 day moving average is $171.65 and its 200-day moving average is $147.88. The stock has a market cap of $448.80 billion, a PE ratio of 630.62, a price-to-earnings-growth ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a twelve month low of $40.90 and a twelve month high of $192.83.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results 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 company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $141.28.

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.