Diversified Trust Co Buys 3,100 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Diversified Trust Co increased its holdings in Palantir Technologies by 13.5%, adding 3,100 shares to own a total of 25,991 shares valued at $3.54 million as of its latest SEC filing.
• Insider Ryan D. Taylor sold 36,048 shares at an average price of $158.35, reducing his position by 10.49%, while another insider, Shyam Sankar, sold 375,000 shares for $56.7 million, resulting in a 34.79% decrease in his ownership.
• Palantir Technologies reported a 48% year-over-year revenue increase to $1 billion in its latest quarterly earnings, beating analysts’ expectations with an EPS of $0.16.

Diversified Trust Co boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,991 shares of the company's stock after purchasing an additional 3,100 shares during the period. Diversified Trust Co's holdings in Palantir Technologies were worth $3,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Optima Capital LLC lifted its stake in Palantir Technologies by 0.6% during the first quarter. Optima Capital LLC now owns 12,626 shares of the company's stock worth $1,066,000 after purchasing an additional 81 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its stake in Palantir Technologies by 3.0% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC lifted its stake in Palantir Technologies by 1.9% during the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC lifted its stake in Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC lifted its stake in Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after purchasing an additional 97 shares during the period. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

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 value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,625,634 shares of company stock worth $248,926,404 over the last ninety days. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 3.1%

NASDAQ:PLTR opened at $182.39 on Friday. Palantir Technologies Inc. has a 12-month low of $35.71 and a 12-month high of $190.00. The firm has a market capitalization of $432.69 billion, a P/E ratio of 607.99, a P/E/G ratio of 10.28 and a beta of 2.59. The stock's fifty day simple moving average is $163.32 and its 200-day simple moving average is $130.19.

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

Wall Street Analyst Weigh In

PLTR has been the subject of a number of analyst reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Four research 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 MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $138.28.

Palantir Technologies 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.

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