Sageworth Trust Co Grows Holdings in Palantir Technologies Inc. $PLTR

Sageworth Trust Co grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.0% during the second quarter, HoldingsChannel.com reports. The firm owned 12,902 shares of the company’s stock after acquiring an additional 2,660 shares during the quarter. Sageworth Trust Co’s holdings in Palantir Technologies were worth $1,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ASR Vermogensbeheer N.V. increased its stake in Palantir Technologies by 14.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 209,085 shares of the company’s stock worth $28,502,000 after purchasing an additional 26,249 shares during the period. Trust Co of Kansas purchased a new stake in Palantir Technologies in the second quarter worth $205,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Palantir Technologies in the second quarter worth $23,739,000. AMI Asset Management Corp purchased a new stake in Palantir Technologies in the second quarter worth $273,000. Finally, EWA LLC increased its stake in shares of Palantir Technologies by 170.9% during the second quarter. EWA LLC now owns 8,255 shares of the company’s stock valued at $1,125,000 after buying an additional 5,208 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $184.95 on Thursday. Palantir Technologies Inc. has a 1-year low of $36.15 and a 1-year high of $190.00. The stock’s 50-day moving average is $167.97 and its 200 day moving average is $135.33. The company has a market cap of $438.76 billion, a P/E ratio of 616.52, a PEG ratio of 10.18 and a beta of 2.60.

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. 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 quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLTR. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and raised their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the sale, the director directly owned 50,794 shares of the company’s stock, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,676,722 over the last 90 days. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.