Titleist Asset Management LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,724 shares of the company's stock after selling 15,216 shares during the period. Palantir Technologies comprises about 1.0% of Titleist Asset Management LLC's holdings, making the stock its 21st largest position. Titleist Asset Management LLC's holdings in Palantir Technologies were worth $8,586,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Allegiance Financial Group Advisory Services LLC grew its stake in Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after purchasing an additional 84 shares during the period. Delta Investment Management LLC lifted its holdings in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock worth $398,000 after purchasing an additional 90 shares in the last quarter. Sovran Advisors LLC lifted its holdings in Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares in the last quarter. Lodestone Wealth Management LLC raised its holdings in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.
Analyst Ratings Changes
PLTR has been the topic of several recent research reports. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Bank of America raised their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $136.61.
Check Out Our Latest Stock Analysis on PLTR
Palantir Technologies Price Performance
Shares of NASDAQ PLTR traded up $0.20 during mid-day trading on Tuesday, reaching $156.91. The company's stock had a trading volume of 62,024,346 shares, compared to its average volume of 91,358,016. The firm has a market capitalization of $372.24 billion, a PE ratio of 523.05, a P/E/G ratio of 8.83 and a beta of 2.59. The stock has a fifty day moving average of $155.80 and a two-hundred day moving average of $123.74. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm'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. Analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.
Insider Transactions at Palantir Technologies
In related news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on 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 represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider directly owned 363,755 shares in the company, valued at $49,219,689.05. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,906,783 shares of company stock worth $282,471,442 in the last ninety days. 12.93% of the stock is owned by company insiders.
About Palantir Technologies
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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.
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