Sterling Capital Management LLC Trims Stock Holdings in Palantir Technologies Inc. $PLTR

Sterling Capital Management LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,947 shares of the company’s stock after selling 21,537 shares during the quarter. Sterling Capital Management LLC’s holdings in Palantir Technologies were worth $14,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 6.8%

PLTR stock opened at $175.05 on Friday. The business has a 50 day moving average price of $177.31 and a 200 day moving average price of $153.08. The stock has a market cap of $415.28 billion, a price-to-earnings ratio of 416.80, a PEG ratio of 7.67 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on PLTR shares. HSBC raised their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday. DA Davidson increased their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $167.66.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the transaction, the director owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. 9.23% of the stock is owned by corporate insiders.

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.