First Hawaiian Bank Cuts Position in Palantir Technologies Inc. $PLTR

Key Points

• First Hawaiian Bank has reduced its stake in Palantir Technologies Inc. by 17.3%, now holding 12,768 shares valued at approximately $1,078,000.
• Palantir's most recent earnings report showed a 48% increase in revenue year-over-year, with an EPS of $0.16, beating the consensus estimate of $0.14.
• The stock currently has a consensus rating of "Hold" from analysts, with target prices ranging from $165.00 to $180.00 following various upgrades and downgrades.

First Hawaiian Bank reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,768 shares of the company's stock after selling 2,666 shares during the period. First Hawaiian Bank's holdings in Palantir Technologies were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in Palantir Technologies during the first quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its holdings in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the period. Finally, Richardson Capital Management LLC purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $33,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $171.43 on Friday. The firm has a 50 day simple moving average of $160.07 and a 200-day simple moving average of $127.13. The firm has a market cap of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.26 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $34.89 and a 1-year high of $190.00.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a research report 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 research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Bank of America lifted their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Buying and Selling

In other news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated 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 transaction, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 160,164 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $92,204. This represents a 99.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,604,634 shares of company stock worth $245,441,454 over the last ninety days. Insiders own 9.23% of the company's stock.

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.

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