Palantir Technologies Inc. $PLTR Shares Acquired by Sterling Investment Advisors Ltd.

Key Points

• Sterling Investment Advisors Ltd. increased its stake in Palantir Technologies by 28.5% during Q2, acquiring a total of 24,923 shares valued at approximately $3.4 million.
• Palantir reported a quarterly earnings per share of $0.16, surpassing the expected $0.14, with revenue reaching $1 billion, showcasing a 48% year-over-year growth.
• Insider trading activity included Shyam Sankar selling 375,000 shares and David A. Glazer selling 81,000 shares, indicating significant shifts in insider ownership at the company.

Sterling Investment Advisors Ltd. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,923 shares of the company's stock after acquiring an additional 5,534 shares during the period. Sterling Investment Advisors Ltd.'s holdings in Palantir Technologies were worth $3,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Invesco Ltd. grew its holdings in shares of Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Up 0.7%

PLTR stock opened at $178.86 on Tuesday. Palantir Technologies Inc. has a 52-week low of $36.05 and a 52-week high of $190.00. The stock's fifty day simple moving average is $166.70 and its 200-day simple moving average is $134.65. The stock has a market capitalization of $424.32 billion, a price-to-earnings ratio of 596.22, a price-to-earnings-growth ratio of 9.91 and a beta of 2.59.

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

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last ninety days. Company insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLTR shares. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $140.22.

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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