Palantir Technologies Inc. $PLTR Shares Sold by Cornerstone Select Advisors LLC

Cornerstone Select Advisors LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,561 shares of the company’s stock after selling 1,769 shares during the quarter. Palantir Technologies comprises 2.1% of Cornerstone Select Advisors LLC’s investment portfolio, making the stock its 9th largest position. Cornerstone Select Advisors LLC’s holdings in Palantir Technologies were worth $2,394,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies during the second quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Palantir Technologies during the second quarter worth about $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.6%

Shares of NASDAQ PLTR opened at $154.85 on Friday. The stock has a fifty day simple moving average of $180.34 and a two-hundred day simple moving average of $158.19. Palantir Technologies Inc. has a 1-year low of $61.37 and a 1-year high of $207.52. The firm has a market cap of $369.08 billion, a price-to-earnings ratio of 368.70, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue was up 62.8% on a year-over-year basis. During the same period 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. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at approximately $11,572,395.93. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 150,651 shares of company stock valued at $23,892,804 in the last three months. 9.23% of the stock is owned by company insiders.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Piper Sandler increased their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. HSBC increased their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley boosted their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. DA Davidson upped their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Mizuho raised their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $172.28.

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.