Palantir Technologies Inc. $PLTR Shares Sold by Greenleaf Trust

Key Points

• Greenleaf Trust reduced its holdings in Palantir Technologies by 16.7%, selling 15,851 shares in the second quarter, leaving them with approximately 79,114 shares valued at around $10.8 million.
• Several institutional investors have increased their stakes in Palantir, with Northern Trust Corp owning over $1.6 billion worth, while Goldman Sachs raised its stake by 38.5%.
• Palantir's recent earnings report showed a 48% year-over-year revenue increase with an EPS of $0.16, exceeding analyst expectations of $0.14.

Greenleaf Trust trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,114 shares of the company's stock after selling 15,851 shares during the period. Greenleaf Trust's holdings in Palantir Technologies were worth $10,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock worth $1,650,310,000 after buying an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth approximately $2,543,888,000. Invesco Ltd. grew its holdings in Palantir Technologies by 20.3% during 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after acquiring an additional 571,544 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Morgan Stanley set a $155.00 price target on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. 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 research note on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. Finally, Citigroup reaffirmed a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Up 0.7%

Shares of NASDAQ:PLTR opened at $178.86 on Tuesday. The company has a market cap of $424.32 billion, a PE ratio of 596.22, a P/E/G ratio of 9.91 and a beta of 2.59. The company's 50-day moving average price is $166.70 and its 200 day moving average price is $134.65. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week 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 EPS for the quarter, topping 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 firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. Palantir Technologies's quarterly 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, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the transaction, the director directly owned 50,794 shares in the company, valued at $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 over the last quarter. Insiders own 12.93% 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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