Palantir Technologies Inc. $PLTR Shares Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its stake in Palantir Technologies by 34.3% during the second quarter, ending with 9,443 shares valued at approximately $1.29 million.
• Recent earnings reports from Palantir show a revenue increase of 48.0% year-over-year, with earnings per share surpassing estimates at $0.16.
• Wall Street analysts have mixed views on Palantir, with a consensus rating of "Hold" and a price target averaging $136.61.

Jacobs & Co. CA cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 34.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,443 shares of the company's stock after selling 4,925 shares during the period. Jacobs & Co. CA's holdings in Palantir Technologies were worth $1,287,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Invesco Ltd. lifted its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 4.4% in the first 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLTR shares. Citigroup reiterated a "neutral" rating and issued a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada boosted their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $136.61.

Palantir Technologies Trading Up 4.3%

Palantir Technologies stock opened at $171.43 on Friday. Palantir Technologies Inc. has a twelve month low of $34.89 and a twelve month high of $190.00. The stock's fifty day simple moving average is $160.07 and its 200-day simple moving average is $126.87. The firm has a market capitalization of $406.69 billion, a P/E ratio of 571.45, a P/E/G ratio of 9.26 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 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 for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company'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. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider owned 50,961 shares of the company's stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,604,634 shares of company stock valued at $245,441,454. 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.

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