Bristlecone Advisors LLC Has $8.45 Million Stake in Palantir Technologies Inc. $PLTR

Bristlecone Advisors LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 37.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,002 shares of the company’s stock after selling 37,060 shares during the period. Bristlecone Advisors LLC’s holdings in Palantir Technologies were worth $8,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its holdings in 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 bought a new stake in Palantir Technologies in the second quarter valued at $2,543,888,000. Invesco Ltd. increased 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 valued at $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’s 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 transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 in the last quarter. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PLTR shares. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. 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. Finally, Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.00.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $189.60 on Wednesday. The firm has a 50-day moving average of $172.29 and a 200-day moving average of $148.59. The company has a market cap of $449.80 billion, a PE ratio of 632.02, a PEG ratio of 10.25 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.90 and a one year 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, 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same period in the previous year, the company earned $0.09 earnings per share. The firm’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. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.