Palantir Technologies Inc. $PLTR Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.6% in the 2nd quarter, Holdings Channel reports. The fund owned 107,947 shares of the company’s stock after selling 21,537 shares during the quarter. Sterling Capital Management LLC’s holdings in Palantir Technologies were worth $14,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies during the first quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth about $27,000. Finally, Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the second quarter worth about $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, DA Davidson increased their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Five 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $167.66.

Palantir Technologies Stock Down 6.8%

Shares of Palantir Technologies stock opened at $175.05 on Friday. Palantir Technologies Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $207.52. The business’s fifty day moving average is $177.31 and its two-hundred day moving average is $153.08. The firm has a market cap of $415.28 billion, a PE ratio of 416.80, a P/E/G ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is currently owned by insiders.

Palantir Technologies 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.