Heartland Bank & Trust Co Sells 76 Shares of Palantir Technologies Inc. $PLTR

Heartland Bank & Trust Co decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the second quarter, Holdings Channel reports. The firm owned 11,475 shares of the company’s stock after selling 76 shares during the quarter. Palantir Technologies comprises about 0.7% of Heartland Bank & Trust Co’s portfolio, making the stock its 28th biggest holding. Heartland Bank & Trust Co’s holdings in Palantir Technologies were worth $1,564,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Verdence Capital Advisors LLC raised its stake in shares of Palantir Technologies by 7.5% in the second quarter. Verdence Capital Advisors LLC now owns 18,921 shares of the company’s stock valued at $2,579,000 after acquiring an additional 1,327 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Palantir Technologies by 27.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 101,646 shares of the company’s stock valued at $13,856,000 after acquiring an additional 21,692 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Palantir Technologies by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 183,793 shares of the company’s stock valued at $25,055,000 after acquiring an additional 7,738 shares during the last quarter. Concord Wealth Partners raised its stake in shares of Palantir Technologies by 42.6% in the second quarter. Concord Wealth Partners now owns 960 shares of the company’s stock valued at $131,000 after acquiring an additional 287 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Palantir Technologies by 3.7% in the second quarter. Sequoia Financial Advisors LLC now owns 295,368 shares of the company’s stock valued at $40,265,000 after acquiring an additional 10,560 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PLTR shares. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. UBS Group reiterated a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research report on Monday, September 15th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price objective (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five equities research 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 data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $177.21 on Tuesday. The firm has a fifty day moving average of $171.65 and a two-hundred day moving average of $141.04. The stock has a market capitalization of $420.40 billion, a price-to-earnings ratio of 590.72, a PEG ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 52 week low of $40.36 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, 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 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. Insiders own 12.93% of the company’s stock.

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.