Palantir Technologies Inc. $PLTR is Sentinel Trust Co. LBA's 4th Largest Position

Key Points

• Sentinel Trust Co. LBA has reduced its holdings in Palantir Technologies by 5.8%, making Palantir the firm's 4th largest investment position at $44.36 million.
• Palantir reported a 48% year-over-year revenue growth for the last quarter, with earnings per share exceeding estimates at $0.16.
• Insiders have sold over 1.5 million shares of Palantir stock recently, with total transactions amounting to approximately $239.7 million in the last three months.

Sentinel Trust Co. LBA reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,441 shares of the company's stock after selling 20,000 shares during the quarter. Palantir Technologies makes up 4.8% of Sentinel Trust Co. LBA's investment portfolio, making the stock its 4th largest position. Sentinel Trust Co. LBA's holdings in Palantir Technologies were worth $44,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at about $25,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies in the 2nd quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at about $28,000. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at about $31,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 2.3%

NASDAQ:PLTR traded up $4.15 during trading hours on Friday, hitting $184.63. The stock had a trading volume of 34,723,266 shares, compared to its average volume of 46,620,824. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The business has a 50 day simple moving average of $171.35 and a two-hundred day simple moving average of $146.34. The company has a market cap of $438.01 billion, a PE ratio of 615.45, a price-to-earnings-growth ratio of 9.78 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the company earned $0.09 earnings per share. Palantir Technologies's revenue for the quarter 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. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTR. 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. Piper Sandler increased their price objective on shares of Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director owned 62,087 shares of the company's stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's 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 sale, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Corporate 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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