Three Bridge Wealth Advisors LLC Sells 10,162 Shares of Palantir Technologies Inc. $PLTR

Three Bridge Wealth Advisors LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 43.3% in the second quarter, Holdings Channel reports. The fund owned 13,319 shares of the company’s stock after selling 10,162 shares during the quarter. Three Bridge Wealth Advisors LLC’s holdings in Palantir Technologies were worth $1,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies during the second quarter valued at approximately $31,000. Adirondack Trust Co. increased its holdings in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after buying an additional 185 shares during the period. Mechanics Financial Corp purchased a new position in Palantir Technologies during the first quarter valued at approximately $25,000. Finally, Park Place Capital Corp boosted its position in Palantir Technologies by 48.1% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the company’s stock valued at $40,000 after acquiring an additional 100 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Citigroup reiterated a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction that occurred 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 directly owned 592 shares in the company, valued at $89,611.04. The trade was a 99.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $173.07 on Friday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The firm has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. The firm’s fifty day moving average is $168.90 and its two-hundred day moving average is $136.98.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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.