Edmond DE Rothschild Holding S.A. Has $101,000 Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Palantir Technologies by 58.6%, selling 1,693 shares and now holding 1,198 shares worth approximately $101,000.
• Palantir has received mixed analyst ratings with four analysts rating it as a Buy, sixteen as Hold, and two as Sell, while the average price target stands at $136.61.
• Insiders have sold over 1.99 million shares of Palantir stock in the last 90 days, representing a significant decrease in their holdings, with sales totaling around $295.4 million.

Edmond DE Rothschild Holding S.A. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,198 shares of the company's stock after selling 1,693 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Palantir Technologies were worth $101,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Allegiance Financial Group Advisory Services LLC boosted its stake in Palantir Technologies by 3.0% during the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC boosted its stake in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock valued at $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC boosted its stake in Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after purchasing an additional 94 shares during the period. Lodestone Wealth Management LLC boosted its stake in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after purchasing an additional 97 shares during the period. Finally, Continuum Advisory LLC boosted its stake in Palantir Technologies by 3.8% during the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after purchasing an additional 98 shares during the period. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on PLTR shares. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price target for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Price Performance

Shares of PLTR traded down $3.03 during mid-day trading on Friday, reaching $153.11. The company had a trading volume of 81,687,948 shares, compared to its average volume of 74,830,104. Palantir Technologies Inc. has a twelve month low of $29.50 and a twelve month high of $190.00. The company's 50-day moving average is $157.00 and its 200-day moving average is $124.73. The company has a market capitalization of $363.23 billion, a P/E ratio of 510.38, a P/E/G ratio of 8.63 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. Palantir Technologies'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. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,990,586 shares of company stock worth $295,423,583. 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.