Palantir Technologies Inc. $PLTR Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 83.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,601 shares of the company’s stock after selling 8,307 shares during the quarter. Emerald Advisers LLC’s holdings in Palantir Technologies were worth $218,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PLTR. Truist Financial Corp grew its holdings in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $204,000. New Century Financial Group LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after acquiring an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC grew its holdings in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after acquiring an additional 2,606 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLTR shares. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Bank of America lifted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.00.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 4.9%

Shares of PLTR stock opened at $198.81 on Thursday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $199.85. The company has a market capitalization of $471.64 billion, a price-to-earnings ratio of 662.72, a P/E/G ratio of 10.28 and a beta of 2.60. The stock’s fifty day simple moving average is $173.15 and its 200-day simple moving average is $149.36.

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

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.