Palantir Technologies Inc. $PLTR Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,445 shares of the company’s stock after selling 100 shares during the period. Harbour Trust & Investment Management Co’s holdings in Palantir Technologies were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. RFG Advisory LLC lifted its stake in shares of Palantir Technologies by 14.9% in the 2nd quarter. RFG Advisory LLC now owns 20,801 shares of the company’s stock worth $2,836,000 after acquiring an additional 2,694 shares during the period. Naviter Wealth LLC acquired a new stake in Palantir Technologies during the second quarter valued at approximately $1,116,000. Nadler Financial Group Inc. acquired a new stake in Palantir Technologies during the second quarter valued at approximately $290,000. Cornerstone Wealth Group LLC lifted its stake in Palantir Technologies by 120.2% during the second quarter. Cornerstone Wealth Group LLC now owns 9,557 shares of the company’s stock valued at $1,303,000 after purchasing an additional 5,216 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in Palantir Technologies by 7.5% during the second quarter. Verdence Capital Advisors LLC now owns 18,921 shares of the company’s stock valued at $2,579,000 after purchasing an additional 1,327 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Citigroup reissued a “neutral” rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Bank of America increased their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $140.22.

Palantir Technologies Price Performance

PLTR stock opened at $177.21 on Tuesday. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The company’s 50 day simple moving average is $171.65 and its 200-day simple moving average is $141.04. The firm has a market capitalization of $420.40 billion, a P/E ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue 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. Sell-side analysts predict 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 Ryan D. Taylor sold 36,048 shares of the company’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 value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by company insiders.

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.