Blue Trust Inc. Has $2.56 Million Position in Palantir Technologies Inc. $PLTR

Blue Trust Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,812 shares of the company's stock after purchasing an additional 1,493 shares during the period. Blue Trust Inc.'s holdings in Palantir Technologies were worth $2,564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Palantir Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 22,653 shares of the company's stock valued at $1,912,000 after acquiring an additional 9,810 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after acquiring an additional 6,479 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Palantir Technologies in the first quarter valued at about $62,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm's 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 completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,591,085 shares of company stock worth $244,714,146 in the last quarter. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Friday. The company has a market capitalization of $416.20 billion, a price-to-earnings ratio of 584.82, a PEG ratio of 10.05 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.36 and a 12-month high of $190.00. The firm's 50-day moving average price is $171.32 and its two-hundred day moving average price is $139.72.

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

Wall Street Analyst Weigh In

Several research firms recently commented on PLTR. Cantor Fitzgerald upped 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. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday. Citigroup restated a "neutral" rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Bank of America upped their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average target price of $140.22.

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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