Dorsey & Whitney Trust CO LLC Purchases 3,191 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Dorsey & Whitney Trust CO LLC increased its stake in Palantir Technologies by 43.1%, acquiring an additional 3,191 shares worth approximately $895,000 in the first quarter.
• Palantir Technologies reported a 48% increase in revenue year-over-year for the recent quarter, with earnings per share of $0.16, exceeding analysts' expectations.
• Insider trading activity revealed a significant sale, with Shyam Sankar selling 405,000 shares for over $53 million, marking a 36.56% decrease in their ownership.

Dorsey & Whitney Trust CO LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 43.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,602 shares of the company's stock after acquiring an additional 3,191 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in Palantir Technologies were worth $895,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GM Advisory Group LLC boosted its position in shares of Palantir Technologies by 45.6% in the first quarter. GM Advisory Group LLC now owns 8,734 shares of the company's stock valued at $737,000 after acquiring an additional 2,737 shares during the period. Capital Analysts LLC boosted its position in shares of Palantir Technologies by 97.1% in the first quarter. Capital Analysts LLC now owns 406 shares of the company's stock valued at $34,000 after acquiring an additional 200 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Palantir Technologies by 8.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 432,582 shares of the company's stock valued at $36,443,000 after purchasing an additional 32,320 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Palantir Technologies in the first quarter valued at approximately $155,000. Finally, Legacy Financial Advisors Inc. raised its stake in Palantir Technologies by 14.9% in the first quarter. Legacy Financial Advisors Inc. now owns 20,906 shares of the company's stock valued at $1,764,000 after purchasing an additional 2,715 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $156.18 on Friday. The company has a market capitalization of $370.51 billion, a PE ratio of 520.62, a price-to-earnings-growth ratio of 8.79 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company's 50 day moving average price is $153.18 and its two-hundred day moving average price is $121.39.

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, topping the consensus estimate 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 was up 48.0% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction on Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director directly owned 12,562 shares in the company, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 529,684 shares of company stock valued at $71,900,350. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLTR shares. UBS Group reaffirmed a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Cantor Fitzgerald raised their target price 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. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four equities 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $136.61.

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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