Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Palantir Technologies by 23.2%, now owning approximately 1.1 million shares valued at about $148.9 million.
• As of the latest reports, 45.65% of Palantir's stock is owned by hedge funds and other institutional investors, indicating significant institutional interest.
• Palantir Technologies reported a quarterly earnings per share of $0.16, exceeding the consensus estimate, with a year-over-year revenue increase of 48% to $1 billion.

Robeco Institutional Asset Management B.V. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,092,569 shares of the company's stock after selling 329,899 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Palantir Technologies were worth $148,939,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies during the second quarter worth about $31,000. Adirondack Trust Co. raised its holdings in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock worth $39,000 after purchasing an additional 185 shares in the last quarter. Mechanics Financial Corp purchased a new position in Palantir Technologies during the first quarter worth about $25,000. Finally, Park Place Capital Corp raised its holdings in Palantir Technologies by 48.1% during the second quarter. Park Place Capital Corp now owns 308 shares of the company's stock worth $40,000 after purchasing an additional 100 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Loop Capital increased their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four 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. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $140.22.

Palantir Technologies Price Performance

PLTR stock opened at $184.95 on Thursday. The company's 50 day simple moving average is $167.97 and its 200-day simple moving average is $135.33. The firm has a market capitalization of $438.76 billion, a PE ratio of 616.52, a P/E/G ratio of 10.18 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $36.15 and a 12 month high of $190.00.

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 the consensus estimate of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company's quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on 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 directly owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares of the company's stock, valued at $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 in the last 90 days. Insiders own 9.23% of the company's stock.

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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