Stonebridge Financial Group LLC Trims Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Stonebridge Financial Group LLC decreased its holdings in Palantir Technologies by 15.0% during the second quarter, resulting in ownership of 8,776 shares valued at approximately $1,196,000.
• Several institutional investors have increased their positions in Palantir, with Callan Family Office LLC raising its stake by 251.5% and now owning 46,472 shares valued at $6,335,000.
• Palantir Technologies' stock has a consensus price target of $140.22, with five analysts rating it as a Buy and a recent average trading price of about $185.47.

Stonebridge Financial Group LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,776 shares of the company's stock after selling 1,544 shares during the quarter. Stonebridge Financial Group LLC's holdings in Palantir Technologies were worth $1,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Security Advisor Inc. raised its position in Palantir Technologies by 10.2% in the 2nd quarter. Financial Security Advisor Inc. now owns 3,045 shares of the company's stock valued at $415,000 after purchasing an additional 281 shares during the last quarter. Callan Family Office LLC raised its position in Palantir Technologies by 251.5% in the 2nd quarter. Callan Family Office LLC now owns 46,472 shares of the company's stock valued at $6,335,000 after purchasing an additional 33,250 shares during the last quarter. Blair William & Co. IL raised its position in Palantir Technologies by 125.8% in the 2nd quarter. Blair William & Co. IL now owns 156,685 shares of the company's stock valued at $21,359,000 after purchasing an additional 87,290 shares during the last quarter. TFR Capital LLC. purchased a new stake in Palantir Technologies in the 2nd quarter valued at $303,000. Finally, Mainstay Capital Management LLC ADV raised its position in Palantir Technologies by 104.2% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 45,522 shares of the company's stock valued at $6,206,000 after purchasing an additional 23,233 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PLTR. Weiss Ratings reiterated a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Loop Capital boosted their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Five research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $140.22.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company's stock, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 222,878 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.0%

NASDAQ:PLTR opened at $185.47 on Friday. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00. The stock has a market cap of $440.00 billion, a PE ratio of 618.25, a price-to-earnings-growth ratio of 9.95 and a beta of 2.60. The firm's fifty day simple moving average is $170.89 and its 200-day simple moving average is $139.18.

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

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.