Atria Wealth Solutions Inc. Lowers Holdings in Palantir Technologies Inc. $PLTR

Atria Wealth Solutions Inc. trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 55.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,520 shares of the company’s stock after selling 123,774 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Palantir Technologies were worth $13,375,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PLTR. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies in the second quarter worth $2,543,888,000. Nuveen LLC bought a new stake in Palantir Technologies in the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares in the last quarter. Finally, Amundi boosted its holdings in Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after acquiring an additional 3,815,386 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Mizuho set a $165.00 price target on Palantir Technologies in a research note on Monday, September 15th. Finally, Royal Bank Of Canada boosted their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,591,085 shares of company stock valued at $244,714,146 in the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $175.44 on Monday. The stock has a market cap of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $40.36 and a one year high of $190.00. The stock has a fifty day moving average of $171.32 and a 200 day moving average of $140.40.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict 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.