Mutual Advisors LLC Trims Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Mutual Advisors LLC has reduced its stake in Palantir Technologies by 3.0%, holding 57,638 shares valued at approximately $7.86 million after selling 1,763 shares during the second quarter.
• Insiders at Palantir Technologies have sold a total of 1,557,750 shares in the last three months, indicating a 4.09% decrease in ownership for insider Shyam Sankar alone.
• Palantir reported earnings of $0.16 per share for the last quarter, exceeding analysts' expectations and reflecting a 48% year-over-year revenue growth with total revenue reaching $1 billion.

Mutual Advisors LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,638 shares of the company's stock after selling 1,763 shares during the quarter. Mutual Advisors LLC's holdings in Palantir Technologies were worth $7,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after buying an additional 21,809 shares during the period. Presilium Private Wealth LLC bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $204,000. New Century Financial Group LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Finally, Synergy Asset Management LLC boosted its holdings in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after purchasing an additional 2,606 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $179.74 on Wednesday. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The firm's 50 day simple moving average is $171.78 and its two-hundred day simple moving average is $141.31. The stock has a market capitalization of $426.40 billion, a P/E ratio of 599.15, a PEG ratio of 9.61 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm 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 business posted $0.09 EPS. The business'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, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last three months. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Piper Sandler upped their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a report on Tuesday. Royal Bank Of Canada boosted their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Bank of America upped their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $141.28.

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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