Palantir Technologies Inc. $PLTR Shares Sold by WBH Advisory Inc.

Key Points

• WBH Advisory Inc. reduced its stake in Palantir Technologies by 40.1%, selling 7,082 shares to hold 10,565 shares valued at approximately $1,440,000 at the end of the second quarter.
• Palantir reported a net margin of 22.18% and a revenue of $1 billion for the last quarter, outperforming analyst expectations of $939.29 million.
• Currently, Palantir Technologies has a consensus rating of "Hold" among analysts, with a price target of $141.28.

WBH Advisory Inc. trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,565 shares of the company's stock after selling 7,082 shares during the period. WBH Advisory Inc.'s holdings in Palantir Technologies were worth $1,440,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $31,000. Tradewinds Capital Management LLC raised its position in shares of Palantir Technologies by 147.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Finally, Adirondack Trust Co. raised its position in shares of Palantir Technologies by 185.0% during the 2nd quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after purchasing an additional 185 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 0.0%

Shares of NASDAQ PLTR opened at $178.15 on Monday. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00. The firm has a fifty day moving average of $171.52 and a 200-day moving average of $143.67. The stock has a market capitalization of $422.63 billion, a PE ratio of 593.85, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the company earned $0.09 EPS. The business'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 research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies 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 research note on Monday, September 15th. Finally, Loop Capital lifted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $141.28.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company's stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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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