Three Bridge Wealth Advisors LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,481 shares of the company's stock after selling 9,740 shares during the period. Palantir Technologies makes up 0.7% of Three Bridge Wealth Advisors LLC's portfolio, making the stock its 29th largest holding. Three Bridge Wealth Advisors LLC's holdings in Palantir Technologies were worth $1,982,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Geode Capital Management LLC increased its stake in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Northern Trust Corp increased its stake in Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after purchasing an additional 3,299,779 shares in the last quarter. Norges Bank acquired a new position in Palantir Technologies during the 4th quarter valued at approximately $1,360,191,000. FMR LLC increased its stake in shares of Palantir Technologies by 22.6% in the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after acquiring an additional 2,818,090 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's 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 directly owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,485,632 shares of company stock worth $191,222,623 over the last three months. Corporate insiders own 9.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PLTR. Citigroup increased their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Wedbush set a $160.00 price target on shares of Palantir Technologies in a report on Thursday, July 10th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $95.30.
View Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Price Performance
PLTR stock traded up $3.94 during mid-day trading on Friday, hitting $158.80. 57,707,820 shares of the stock were exchanged, compared to its average volume of 64,807,624. The business has a fifty day moving average price of $137.03 and a 200 day moving average price of $109.13. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $160.39. The stock has a market capitalization of $374.75 billion, a price-to-earnings ratio of 690.43, a PEG ratio of 13.56 and a beta of 2.59.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.
Palantir Technologies Company Profile
(
Free Report)
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.
Further Reading

Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report