Titleist Asset Management LLC Reduces Position in Palantir Technologies Inc. $PLTR

Titleist Asset Management LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,910 shares of the company’s stock after selling 7,814 shares during the quarter. Palantir Technologies accounts for approximately 1.3% of Titleist Asset Management LLC’s holdings, making the stock its 21st biggest position. Titleist Asset Management LLC’s holdings in Palantir Technologies were worth $12,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PLTR. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $28,000. Finally, MTM Investment Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $31,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 150,651 shares of company stock worth $23,892,804. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 0.6%

Shares of PLTR stock opened at $154.85 on Friday. The company’s fifty day simple moving average is $180.34 and its two-hundred day simple moving average is $158.19. Palantir Technologies Inc. has a 52 week low of $61.37 and a 52 week high of $207.52. The stock has a market cap of $369.08 billion, a P/E ratio of 368.70, a PEG ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTR shares. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a research note on Monday, November 17th. HSBC lifted their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Five research 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, the stock 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.