Palantir Technologies Inc. $PLTR Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 35.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the company’s stock after selling 12,800 shares during the quarter. Robeco Schweiz AG’s holdings in Palantir Technologies were worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the second quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the second quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the second quarter worth $28,000. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. DA Davidson upped their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. UBS Group raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Bank of America lifted their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $190.96 on Wednesday. Palantir Technologies Inc. has a 1 year low of $58.53 and a 1 year high of $207.52. The firm has a 50 day moving average price of $179.15 and a 200 day moving average price of $155.63. The company has a market cap of $453.02 billion, a price-to-earnings ratio of 454.68, a PEG ratio of 7.51 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, beating 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 company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.10 EPS. Palantir Technologies’s revenue for the quarter 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. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $56,700,000.00. Following the sale, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. The trade was a 34.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 in the last ninety days. Company insiders own 12.93% of the company’s stock.

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.