Palantir Technologies Inc. $PLTR Shares Sold by AFG Fiduciary Services Limited Partnership

Key Points

• AFG Fiduciary Services Limited Partnership reduced its stake in Palantir Technologies by 47.6% in the second quarter, owning 1,650 shares valued at $216,000 after selling 1,500 shares.
• Several institutions, including Adirondack Trust Co. and Global X Japan Co. Ltd., significantly increased their holdings in Palantir, indicating a growing interest among institutional investors.
• Analysts have set various price targets for Palantir shares, with a consensus rating of "Hold" and an average price target of $138.28.

AFG Fiduciary Services Limited Partnership lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 47.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,650 shares of the company's stock after selling 1,500 shares during the period. AFG Fiduciary Services Limited Partnership's holdings in Palantir Technologies were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PLTR. Adirondack Trust Co. boosted its stake in shares of Palantir Technologies by 185.0% in the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after buying an additional 185 shares in the last quarter. BDF Gestion purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $4,409,000. Wright Investors Service Inc. purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $822,000. Global X Japan Co. Ltd. purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $31,501,000. Finally, Lantz Financial LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Citigroup reiterated a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $2.34 during trading on Tuesday, hitting $181.67. The company's stock had a trading volume of 31,006,580 shares, compared to its average volume of 88,649,625. The stock has a market capitalization of $430.99 billion, a price-to-earnings ratio of 605.02, a P/E/G ratio of 10.28 and a beta of 2.59. The stock's fifty day moving average is $163.92 and its 200 day moving average is $131.20. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business's quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company's stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,634,634 shares of company stock valued at $250,524,804. Corporate insiders own 12.93% of the company's stock.

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.