Twin Capital Management Inc. Sells 421 Shares of Palantir Technologies Inc. $PLTR

Twin Capital Management Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,518 shares of the company’s stock after selling 421 shares during the period. Twin Capital Management Inc.’s holdings in Palantir Technologies were worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the first quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter worth $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the second quarter valued at $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 1.5%

Shares of PLTR opened at $187.90 on Thursday. The company’s fifty day simple moving average is $176.97 and its 200-day simple moving average is $152.92. The company has a market cap of $445.76 billion, a P/E ratio of 447.39, a P/E/G ratio of 10.11 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $51.61 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating 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 company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.10 EPS. The firm’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. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Friday, October 3rd. The shares were 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 of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders 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.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Piper Sandler upped their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $169.44.

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.