Stock Yards Bank & Trust Co. Sells 115 Shares of Palantir Technologies Inc. $PLTR

Stock Yards Bank & Trust Co. trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 3,810 shares of the company’s stock after selling 115 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Palantir Technologies were worth $519,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Montz Harcus Wealth Management LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $271,000. Consilium Wealth Advisory LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $743,000. New Century Financial Group LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $228,000. Whelan Financial bought a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $472,000. Finally, Ameritas Advisory Services LLC raised its stake in shares of Palantir Technologies by 12.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 35,081 shares of the company’s stock valued at $4,782,000 after acquiring an additional 3,853 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLTR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $140.22.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $173.07 on Friday. Palantir Technologies Inc. has a one year low of $38.78 and a one year high of $190.00. The firm has a market cap of $410.58 billion, a price-to-earnings ratio of 576.92, a P/E/G ratio of 9.66 and a beta of 2.60. The stock’s fifty day simple moving average is $168.90 and its 200 day simple moving average is $136.98.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’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, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,676,722 over the last ninety days. Company insiders own 9.23% of the company’s stock.

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.