Palantir Technologies Inc. $PLTR Shares Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,575 shares of the company’s stock after purchasing an additional 2,056 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Palantir Technologies were worth $1,442,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northern Trust Corp grew its stake in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Palantir Technologies by 38.5% in 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 purchasing an additional 4,221,392 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the firm’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 directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last ninety days. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Bank of America upped their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. HSBC raised their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $173.45.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $177.93 on Friday. Palantir Technologies Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The company has a 50 day moving average price of $177.73 and a 200 day moving average price of $153.68. The stock has a market capitalization of $422.11 billion, a P/E ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.10 EPS. The company’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. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share 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.