2,310 Shares in Palantir Technologies Inc. $PLTR Purchased by Field & Main Bank

Field & Main Bank purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,310 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $204,000. New Century Financial Group LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC lifted its stake in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,606 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 4.9%

PLTR opened at $198.81 on Thursday. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $199.85. The stock has a fifty day moving average price of $173.15 and a 200-day moving average price of $149.36. The firm has a market cap of $471.64 billion, a price-to-earnings ratio of 662.72, a PEG ratio of 10.28 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its 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 return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PLTR shares. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Piper Sandler lifted their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Loop Capital lifted their target price 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, DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $142.00.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,557,750 shares of company stock worth $239,713,896 over the last quarter. Company insiders own 9.23% of the company’s stock.

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.