Atria Wealth Solutions Inc. Sells 123,774 Shares of Palantir Technologies Inc. $PLTR

Atria Wealth Solutions Inc. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 55.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,520 shares of the company’s stock after selling 123,774 shares during the period. Atria Wealth Solutions Inc.’s holdings in Palantir Technologies were worth $13,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $2,543,888,000. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after acquiring an additional 4,221,392 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock worth $1,149,055,000 after acquiring an additional 571,544 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.22.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’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 value of $440,071.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,591,085 shares of company stock worth $244,714,146. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 5.4%

Shares of Palantir Technologies stock opened at $175.44 on Monday. The stock has a 50 day moving average of $171.32 and a 200 day moving average of $140.40. Palantir Technologies Inc. has a 12 month low of $40.36 and a 12 month high of $190.00. The firm has a market cap of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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 business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.