Palantir Technologies Inc. $PLTR is BNC Wealth Management LLC's 10th Largest Position

Key Points

• BNC Wealth Management LLC has reduced its stake in Palantir Technologies Inc. by 2.5%, now holding approximately 61,741 shares valued at $8.42 million, making it the firm's 10th largest position.
• Palantir's recent quarterly earnings report showed an EPS of $0.16, exceeding analyst expectations, with revenues of $1 billion representing a 48% year-over-year increase.
• Consumer sentiment among analysts is cautious, with a consensus rating of "Hold" and a target price averaging $140.22, after various firms adjusted their price targets upward.

BNC Wealth Management LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,741 shares of the company's stock after selling 1,607 shares during the period. Palantir Technologies accounts for approximately 2.5% of BNC Wealth Management LLC's investment portfolio, making the stock its 10th biggest position. BNC Wealth Management LLC's holdings in Palantir Technologies were worth $8,417,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Two Sigma Investments LP grew its stake in Palantir Technologies by 132.4% during the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after acquiring an additional 31,383 shares in the last quarter. Mackenzie Financial Corp grew its stake in Palantir Technologies by 26.8% during the 4th quarter. Mackenzie Financial Corp now owns 235,979 shares of the company's stock valued at $17,847,000 after acquiring an additional 49,881 shares in the last quarter. Finally, American Trust purchased a new stake in Palantir Technologies during the 4th quarter valued at about $258,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group reissued a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their price target 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. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating 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 increased their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Four 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's stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $182.55 on Wednesday. The company's fifty day moving average price is $164.60 and its 200 day moving average price is $131.56. Palantir Technologies Inc. has a 12 month low of $36.05 and a 12 month high of $190.00. The firm has a market capitalization of $433.07 billion, a P/E ratio of 608.52, a P/E/G ratio of 10.11 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the business earned $0.09 EPS. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. 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 EPS for the current year.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company's stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,634,634 shares of company stock valued at $250,524,804. Corporate insiders own 12.93% of the company's stock.

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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