Palantir Technologies Inc. $PLTR Shares Sold by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 66.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,979 shares of the company’s stock after selling 14,040 shares during the period. Decker Retirement Planning Inc.’s holdings in Palantir Technologies were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PLTR. Truist Financial Corp grew its position in shares of Palantir Technologies by 4.2% in the second 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 period. State of Michigan Retirement System lifted its position in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after buying an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $204,000. New Century Financial Group LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 buying an additional 1,135,841 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Bank of America boosted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho upped their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock opened at $177.93 on Friday. The firm has a fifty day moving average of $177.73 and a 200-day moving average of $153.68. Palantir Technologies Inc. has a 52-week low of $55.30 and a 52-week high of $207.52. The firm has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.10 EPS. The firm’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is owned by 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.