Palantir Technologies Inc. $PLTR Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,024 shares of the company’s stock after selling 1,144 shares during the period. Whittier Trust Co.’s holdings in Palantir Technologies were worth $6,956,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the last quarter. Presilium Private Wealth LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $204,000. New Century Financial Group LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth about $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after buying an additional 1,135,841 shares during the last quarter. Finally, Synergy Asset Management LLC boosted its holdings in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock worth $1,312,000 after buying an additional 2,606 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLTR. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Five 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 MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $141.28.

Palantir Technologies Stock Performance

PLTR stock opened at $181.51 on Wednesday. The firm has a market cap of $430.60 billion, a PE ratio of 605.05, a PEG ratio of 9.84 and a beta of 2.60. The firm’s 50 day moving average price is $171.39 and its 200-day moving average price is $144.68. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates 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 earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies 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 sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by company insiders.

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.