True Vision MN LLC Sells 637 Shares of Palantir Technologies Inc. $PLTR

True Vision MN LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,344 shares of the company’s stock after selling 637 shares during the quarter. True Vision MN LLC’s holdings in Palantir Technologies were worth $865,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Congress Asset Management Co. bought a new stake in Palantir Technologies during the first quarter worth about $4,989,000. Miracle Mile Advisors LLC lifted its position in Palantir Technologies by 9.7% during the first quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company’s stock worth $1,461,000 after purchasing an additional 1,531 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in Palantir Technologies by 113.7% during the first quarter. SOA Wealth Advisors LLC. now owns 1,496 shares of the company’s stock worth $126,000 after buying an additional 796 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a 52-week low of $38.78 and a 52-week high of $190.00. The company has a market capitalization of $425.91 billion, a PE ratio of 598.45, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a fifty day moving average of $169.33 and a 200-day moving average of $137.95.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping 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 analyst estimates of $939.29 million. During the same quarter in the previous year, the company posted $0.09 EPS. Palantir Technologies’s quarterly 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. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock valued at $244,676,722. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, UBS Group reissued a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.22.

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.