Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Terril Brothers Inc.

Key Points

• Terril Brothers Inc. reduced its stake in Palantir Technologies by 27.9%, selling 1,547 shares and now holding 4,003 shares valued at $338,000.
• Several institutional investors have significantly increased their stakes, with Goldman Sachs now owning over 15 million shares, valued at approximately $1.28 billion after a 38.5% increase.
• Palantir’s stock received multiple upgrades from Wall Street analysts, including a price target increase from Goldman Sachs from $90.00 to $141.00, reflecting growing confidence in its performance.

Terril Brothers Inc. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,003 shares of the company's stock after selling 1,547 shares during the quarter. Terril Brothers Inc.'s holdings in Palantir Technologies were worth $338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $450,000. Bessemer Group Inc. increased its stake in Palantir Technologies by 59.0% in the fourth quarter. Bessemer Group Inc. now owns 22,364 shares of the company's stock worth $1,691,000 after purchasing an additional 8,299 shares during the period. Townsquare Capital LLC lifted its holdings in Palantir Technologies by 29.3% during the 4th quarter. Townsquare Capital LLC now owns 49,157 shares of the company's stock valued at $3,718,000 after buying an additional 11,151 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $1,335,000. Finally, Synovus Financial Corp increased its position in shares of Palantir Technologies by 16.4% during the fourth quarter. Synovus Financial Corp now owns 20,830 shares of the company's stock worth $1,575,000 after acquiring an additional 2,932 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 1.8%

Shares of PLTR traded down $3.35 during mid-day trading on Thursday, reaching $181.02. The company had a trading volume of 53,298,286 shares, compared to its average volume of 91,397,797. The stock has a market capitalization of $427.19 billion, a P/E ratio of 603.42, a PEG ratio of 10.54 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The stock has a 50 day moving average of $148.82 and a two-hundred day moving average of $117.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLTR. Wall Street Zen raised shares of Palantir Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Loop Capital boosted their price objective 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. Bank of America raised their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares in the company, valued at $8,779,654.07. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 3,418 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $430,565.46. Following the transaction, the insider owned 492,079 shares in the company, valued at $61,987,191.63. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,515,632 shares of company stock valued at $196,472,623 in the last quarter. 9.23% of the stock is currently owned by insiders.

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.