Robeco Schweiz AG Cuts Stake in Palantir Technologies Inc. $PLTR

Robeco Schweiz AG decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 35.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,300 shares of the company’s stock after selling 12,800 shares during the quarter. Robeco Schweiz AG’s holdings in Palantir Technologies were worth $3,176,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Nuveen LLC acquired a new position in shares of Palantir Technologies during the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. grew its holdings in Palantir Technologies by 38.5% during the 1st 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, Amundi increased its stake in Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,527,750 shares of company stock worth $234,463,896. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on PLTR shares. HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Citigroup raised their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Bank of America lifted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $173.45.

Palantir Technologies Trading Down 1.4%

Shares of NASDAQ PLTR opened at $190.96 on Wednesday. The company has a market capitalization of $453.02 billion, a price-to-earnings ratio of 454.68, a price-to-earnings-growth ratio of 7.51 and a beta of 2.63. Palantir Technologies Inc. has a twelve month low of $58.53 and a twelve month high of $207.52. The business has a 50 day simple moving average of $179.15 and a 200-day simple moving average of $155.63.

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