Palantir Technologies Inc. $PLTR Stock Holdings Lessened by Farmers Trust Co.

Key Points

• Farmers Trust Co. reduced its holdings in Palantir Technologies by 3.7%, now owning 70,339 shares valued at approximately $9.59 million.
• Insiders have sold a significant amount of stock, with one insider selling 36,048 shares for $5.71 million and another 375,000 shares for $56.70 million, indicating a trend of declining ownership among insiders.
• Analyst opinions vary, with a consensus "Hold" rating and a target price averaging $138.28, while some firms have set target prices as high as $200.00.

Farmers Trust Co. trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,339 shares of the company's stock after selling 2,719 shares during the period. Palantir Technologies makes up approximately 1.8% of Farmers Trust Co.'s holdings, making the stock its 9th biggest holding. Farmers Trust Co.'s holdings in Palantir Technologies were worth $9,589,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Palantir Technologies by 132.4% during the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after purchasing an additional 31,383 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Palantir Technologies by 266.2% during the 4th quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock valued at $297,449,000 after purchasing an additional 2,859,091 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Palantir Technologies by 26.8% during the 4th quarter. Mackenzie Financial Corp now owns 235,979 shares of the company's stock valued at $17,847,000 after purchasing an additional 49,881 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,634,634 shares of company stock valued at $250,524,804. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and upped their price objective for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research report on Tuesday, August 5th. Finally, Loop Capital upped their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $138.28.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $179.33 on Tuesday. The stock has a 50-day moving average of $163.92 and a two-hundred day moving average of $131.20. Palantir Technologies Inc. has a one year low of $36.05 and a one year high of $190.00. The stock has a market cap of $425.43 billion, a PE ratio of 597.79, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59.

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

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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