Palantir Technologies Inc. $PLTR Shares Sold by Howard Financial Services LTD.

Howard Financial Services LTD. cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,487 shares of the company’s stock after selling 100 shares during the period. Howard Financial Services LTD.’s holdings in Palantir Technologies were worth $1,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Amundi raised its holdings in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after acquiring an additional 3,815,386 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,604,634 shares of company stock worth $245,441,454 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Loop Capital boosted their price target 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. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a report on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $136.61.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $171.43 on Friday. The firm has a market cap of $406.69 billion, a PE ratio of 571.45, a P/E/G ratio of 9.26 and a beta of 2.59. The firm’s 50 day moving average price is $160.07 and its two-hundred day moving average price is $126.87. Palantir Technologies Inc. has a twelve month low of $34.89 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm 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 revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. 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 EPS for the current fiscal year.

Palantir Technologies Company 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.