MassMutual Private Wealth & Trust FSB Buys 4,903 Shares of Palantir Technologies Inc. $PLTR

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Palantir Technologies Inc. by 63.6% during the second quarter, now holding 12,607 shares worth approximately $1,719,000.
• Insiders have sold a total of 1,625,634 shares of Palantir stock valued at $248,926,404 in the last 90 days, with significant sales from key insiders.
• Analysts have mixed ratings for Palantir, with an average rating of "Hold" and varying price targets, indicating uncertainty in the stock's future performance.

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 63.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,607 shares of the company's stock after purchasing an additional 4,903 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Palantir Technologies were worth $1,719,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Palantir Technologies by 90.2% during 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 in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PLTR shares. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Bank of America upped their price target 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. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $138.28.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,625,634 shares of company stock valued at $248,926,404. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Up 3.1%

Shares of PLTR traded up $5.42 during trading hours on Friday, reaching $182.39. The company's stock had a trading volume of 108,970,930 shares, compared to its average volume of 60,474,068. The firm has a market cap of $432.69 billion, a price-to-earnings ratio of 607.99, a P/E/G ratio of 9.97 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $35.71 and a 1-year high of $190.00. The company has a 50 day moving average of $163.32 and a two-hundred day moving average of $129.92.

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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm's quarterly 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, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.