Palantir Technologies Inc. $PLTR Shares Sold by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 442,598 shares of the company’s stock after selling 6,004 shares during the period. Palantir Technologies accounts for about 6.5% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 5th largest position. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $60,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the second quarter worth approximately $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $28,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $31,000. Finally, Tradewinds Capital Management LLC grew its position in shares of Palantir Technologies by 147.4% in the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on PLTR shares. DA Davidson raised their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Piper Sandler increased their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday. Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley increased their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $173.45.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the transaction, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,527,750 shares of company stock worth $234,463,896 in the last quarter. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $177.93 on Friday. The firm has a market capitalization of $422.11 billion, a price-to-earnings ratio of 423.65, a PEG ratio of 6.78 and a beta of 2.63. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52. The company’s 50 day moving average price is $177.73 and its 200 day moving average price is $153.68.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.