Atria Investments Inc Sells 18,945 Shares of Palantir Technologies Inc. $PLTR

Atria Investments Inc cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,284 shares of the company’s stock after selling 18,945 shares during the quarter. Atria Investments Inc’s holdings in Palantir Technologies were worth $6,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the second quarter worth approximately $2,543,888,000. Nuveen LLC purchased a new position in shares of Palantir Technologies in the first quarter worth approximately $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 4,221,392 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Palantir Technologies by 56.1% in the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, 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 owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies 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 owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Company insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PLTR. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Bank of America lifted their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler lifted their price target on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Citigroup lifted their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.00.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $200.47 on Friday. The stock has a market cap of $475.58 billion, a P/E ratio of 668.26, a PEG ratio of 10.55 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $204.18. The firm’s 50 day moving average price is $174.75 and its 200-day moving average price is $150.42.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (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 analysts’ expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last 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 analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.