Palantir Technologies Inc. $PLTR Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,077 shares of the company’s stock after selling 395 shares during the period. Camelot Portfolios LLC’s holdings in Palantir Technologies were worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PLTR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after acquiring an additional 1,135,841 shares in the last quarter. Golden State Equity Partners raised its position in shares of Palantir Technologies by 10.1% during the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock valued at $2,503,000 after acquiring an additional 1,677 shares in the last quarter. Hummer Financial Advisory Services Inc acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $225,000. Bank of New Hampshire raised its position in shares of Palantir Technologies by 11.4% during the 2nd quarter. Bank of New Hampshire now owns 19,842 shares of the company’s stock valued at $2,705,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Fox Hill Wealth Management raised its position in shares of Palantir Technologies by 5.9% during the 2nd quarter. Fox Hill Wealth Management now owns 41,470 shares of the company’s stock valued at $5,653,000 after acquiring an additional 2,325 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR opened at $177.57 on Friday. Palantir Technologies Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $190.00. The business has a 50-day moving average of $166.16 and a 200-day moving average of $133.63. The company has a market capitalization of $421.26 billion, a PE ratio of 591.92, a price-to-earnings-growth ratio of 9.91 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for 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%.The firm’s revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.22.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,634,634 shares of company stock worth $250,524,804 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

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.