Palantir Technologies Inc. $PLTR Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,475 shares of the company’s stock after selling 76 shares during the quarter. Palantir Technologies comprises 0.7% of Heartland Bank & Trust Co’s portfolio, making the stock its 28th largest position. Heartland Bank & Trust Co’s holdings in Palantir Technologies were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Truist Financial Corp grew its holdings in 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 buying an additional 21,809 shares in the last quarter. New Century Financial Group LLC bought a new position in Palantir Technologies in the 2nd quarter worth approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 buying an additional 1,135,841 shares in the last quarter. Synergy Asset Management LLC grew its holdings in 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 buying an additional 2,606 shares in the last quarter. Finally, Golden State Equity Partners grew its holdings in Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company’s stock worth $2,503,000 after buying an additional 1,677 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction on 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 owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.0%

PLTR opened at $177.21 on Tuesday. The business has a fifty day simple moving average of $171.65 and a 200-day simple moving average of $141.04. The firm has a market cap of $420.40 billion, a PE ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.36 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its 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. The company had revenue of $1 billion during 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 company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PLTR shares. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Bank of America increased their price target on Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Company 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.