Oak Harvest Investment Services Sells 2,395 Shares of Palantir Technologies Inc. $PLTR

Oak Harvest Investment Services lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 22,757 shares of the company’s stock after selling 2,395 shares during the period. Oak Harvest Investment Services’ holdings in Palantir Technologies were worth $3,102,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp increased its position in Palantir Technologies by 4.2% during 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 period. State of Michigan Retirement System increased its stake in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares in the last quarter. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $204,000. New Century Financial Group LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth about $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Palantir Technologies by 10.8% during 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 worth $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, November 5th. CICC Research boosted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. 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 report on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $172.14 on Friday. Palantir Technologies Inc. has a one year low of $58.53 and a one year high of $207.52. The firm has a 50-day moving average of $180.05 and a 200-day moving average of $155.94. The company has a market cap of $408.37 billion, a P/E ratio of 409.87, a P/E/G ratio of 7.14 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted 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 return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’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. As a group, 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.