Palantir Technologies Inc. $PLTR Shares Sold by Estate Counselors LLC

Key Points

• Estate Counselors LLC has reduced its holdings in Palantir Technologies by 65.0%, resulting in ownership of 51,375 shares worth approximately $4.34 million after selling 95,520 shares in the first quarter.
• Other institutional investors have varied their stakes, with Assenagon Asset Management S.A. increasing its position by 15.0% to own 49,651 shares, while insider selling has also occurred, with key insiders collectively selling approximately $71.9 million in shares over the last ninety days.
• Palantir's stock currently holds a consensus rating of "Hold" among analysts, with a projected average price target of $136.61, while it reported earnings of $0.16 EPS surpassing expectations.

Estate Counselors LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 65.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,375 shares of the company's stock after selling 95,520 shares during the quarter. Estate Counselors LLC's holdings in Palantir Technologies were worth $4,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Richardson Capital Management LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC lifted its position in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares during the period. Finally, Capital Analysts LLC lifted its holdings in shares of Palantir Technologies by 97.1% in the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after acquiring an additional 200 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 1.6%

NASDAQ:PLTR traded up $2.56 during midday trading on Friday, hitting $158.74. The stock had a trading volume of 101,782,072 shares, compared to its average volume of 77,128,816. The stock has a 50-day moving average of $153.61 and a 200 day moving average of $121.77. The company has a market capitalization of $376.59 billion, a price-to-earnings ratio of 529.15, a PEG ratio of 8.80 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies'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. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Bank of America upped their price objective on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $136.61.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 9,211 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the completion of the sale, the insider owned 343,518 shares in the company, valued at approximately $53,502,928.50. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock valued at $282,471,442 over the last quarter. 9.23% of the stock is owned by company insiders.

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.