1,506 Shares in Palantir Technologies Inc. $PLTR Bought by Trust Co of Kansas

Key Points

• Trust Co of Kansas acquired 1,506 shares of Palantir Technologies, valued at approximately $205,000, indicating growing interest from institutional investors in the company.
• Palantir's stock has seen price target adjustments from several analysts, with Goldman Sachs raising their target from $90 to $141, reflecting a bullish sentiment despite a mix of 'Buy', 'Hold', and 'Sell' ratings among analysts.
• Directors have sold significant shares recently, with one director selling 9,000 shares valued at over $1.5 million, raising concerns about insider sentiment amid the company's rapid stock price fluctuations.

Trust Co of Kansas acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,506 shares of the company's stock, valued at approximately $205,000.

A number of other large investors have also modified their holdings of the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $31,000. Adirondack Trust Co. lifted its position in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after buying an additional 185 shares in the last quarter. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Finally, Park Place Capital Corp grew its stake in Palantir Technologies by 48.1% in the 2nd quarter. Park Place Capital Corp now owns 308 shares of the company's stock valued at $40,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLTR shares. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $140.22.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director owned 50,794 shares of the company's stock, valued at $9,021,014.40. This represents a 15.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 in the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $184.95 on Thursday. The stock's 50 day simple moving average is $167.97 and its 200-day simple moving average is $135.33. The stock has a market cap of $438.76 billion, a P/E ratio of 616.52, a P/E/G ratio of 10.18 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $36.15 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

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.

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