Palantir Technologies Inc. $PLTR Shares Sold by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA has reduced its position in Palantir Technologies by 75.6%, selling 48,470 shares and retaining 15,654 shares, valued at approximately $1.22 million.
• AQR Capital Management increased its holdings by 36.8%, now owning over 2.2 million shares valued at approximately $180.9 million, while Amundi raised its stake by 56.1%, owning more than 10.6 million shares.
• Analysts have upgraded Palantir Technologies with multiple "Buy" ratings and increased price targets, with a consensus target now set at $136.61 and an average rating of "Hold."

Banque Transatlantique SA reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 75.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,654 shares of the company's stock after selling 48,470 shares during the quarter. Banque Transatlantique SA's holdings in Palantir Technologies were worth $1,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Palantir Technologies by 36.8% in the 1st quarter. AQR Capital Management LLC now owns 2,238,508 shares of the company's stock worth $180,916,000 after purchasing an additional 601,680 shares during the period. Advisors Asset Management Inc. increased its position in shares of Palantir Technologies by 50.6% in the first quarter. Advisors Asset Management Inc. now owns 125,056 shares of the company's stock valued at $10,555,000 after buying an additional 42,042 shares in the last quarter. Amundi raised its stake in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. Aprio Wealth Management LLC lifted its position in shares of Palantir Technologies by 14.6% during the 1st quarter. Aprio Wealth Management LLC now owns 4,916 shares of the company's stock valued at $415,000 after buying an additional 625 shares in the last quarter. Finally, JAT Capital Mgmt LP acquired a new stake in Palantir Technologies in the 1st quarter valued at $16,553,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Loop Capital boosted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $154.90 on Thursday. The stock has a market cap of $367.48 billion, a price-to-earnings ratio of 516.35, a price-to-earnings-growth ratio of 8.83 and a beta of 2.59. The firm has a 50 day simple moving average of $156.31 and a 200-day simple moving average of $124.19. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results 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 company had revenue of $1 billion during 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 firm's quarterly revenue 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. 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 Ryan D. Taylor sold 9,211 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $155.75, for a total transaction of $1,434,613.25. Following the completion of the transaction, the insider owned 343,518 shares of the company's stock, valued at approximately $53,502,928.50. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,909,586 shares of company stock worth $282,911,513. Insiders own 9.23% 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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