Retirement Planning Group LLC Sells 3,158 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Retirement Planning Group LLC has reduced its stake in Palantir Technologies by 11.8%, now holding 23,635 shares worth approximately $3.22 million.
• Several large investors, including Truist Financial Corp and Synergy Asset Management LLC, have increased their positions in Palantir during the second quarter, indicating growing institutional interest.
• Palantir's stock has received mixed ratings, with five analysts rating it as a Buy and an average target price of $141.28, reflecting cautious optimism among market analysts.

Retirement Planning Group LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,635 shares of the company's stock after selling 3,158 shares during the period. Retirement Planning Group LLC's holdings in Palantir Technologies were worth $3,222,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Truist Financial Corp increased its position in Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at about $204,000. New Century Financial Group LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at about $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after buying an additional 1,135,841 shares in the last quarter. Finally, Synergy Asset Management LLC increased its position in Palantir Technologies by 37.1% during the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after buying an additional 2,606 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLTR shares. Mizuho set a $165.00 target price on Palantir Technologies in a research report on Monday, September 15th. Bank of America upped their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and increased their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Five 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $141.28.

Palantir Technologies Stock Down 0.0%

Shares of PLTR opened at $181.51 on Wednesday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The company has a market capitalization of $430.60 billion, a price-to-earnings ratio of 605.05, a PEG ratio of 9.84 and a beta of 2.60. The stock's 50-day moving average price is $171.39 and its 200-day moving average price is $144.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company'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, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. 12.93% of the stock is currently owned by company 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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