Palantir Technologies Inc. $PLTR Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its stake in Palantir Technologies by 16.3% in Q1, selling 47,241 shares and owning 242,029 shares valued at approximately $20.4 million at quarter-end.
• Wall Street analysts have upgraded their ratings for Palantir Technologies, with a price target increase from $80.00 to $160.00 by Deutsche Bank and multiple firms assigning a "buy" rating.
• Palantir reported $1 billion in revenue for the last quarter, exceeding estimates and marking a 48.0% year-over-year increase, alongside earnings per share of $0.16.

Kestra Advisory Services LLC decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,029 shares of the company's stock after selling 47,241 shares during the period. Kestra Advisory Services LLC's holdings in Palantir Technologies were worth $20,427,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter worth $25,000. Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth $33,000. Cornerstone Planning Group LLC increased its holdings in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares during the last quarter. Finally, Capital Analysts LLC raised its position in shares of Palantir Technologies by 97.1% during the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock valued at $34,000 after buying an additional 200 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Four 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 stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target of $136.61.

Palantir Technologies Trading Up 1.6%

Shares of NASDAQ:PLTR traded up $2.56 on Friday, reaching $158.74. The company had a trading volume of 101,782,072 shares, compared to its average volume of 79,335,152. The firm has a market capitalization of $376.59 billion, a PE ratio of 529.15, a PEG ratio of 8.95 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The firm's 50 day simple moving average is $153.61 and its 200-day simple moving average is $121.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 160,164 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $24,945,543.00. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at $92,204. This trade represents a 99.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,906,783 shares of company stock valued at $282,471,442 over the last three months. Company 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.