First National Trust Co Grows Position in Palantir Technologies Inc. $PLTR

First National Trust Co boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,517 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. First National Trust Co’s holdings in Palantir Technologies were worth $2,797,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Redwood Park Advisors LLC raised its position in Palantir Technologies by 115.1% in the second quarter. Redwood Park Advisors LLC now owns 299 shares of the company’s stock worth $41,000 after acquiring an additional 160 shares in the last quarter. May Hill Capital LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at $532,000. Petra Financial Advisors Inc. purchased a new position in shares of Palantir Technologies in the second quarter valued at $470,000. Taylor Financial Group Inc. increased its position in shares of Palantir Technologies by 1.9% in the second quarter. Taylor Financial Group Inc. now owns 7,112 shares of the company’s stock valued at $970,000 after buying an additional 132 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Palantir Technologies by 51.5% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 104,429 shares of the company’s stock valued at $14,236,000 after buying an additional 35,518 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.2%

PLTR opened at $189.60 on Wednesday. The firm has a market cap of $449.80 billion, a P/E ratio of 632.02, a PEG ratio of 10.25 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $192.83. The business’s fifty day simple moving average is $172.29 and its 200 day simple moving average is $148.59.

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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,557,750 shares of company stock worth $239,713,896 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PLTR shares. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Loop Capital raised their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and raised their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies 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.