Titleist Asset Management LLC Sells 7,814 Shares of Palantir Technologies Inc. $PLTR

Titleist Asset Management LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,910 shares of the company’s stock after selling 7,814 shares during the quarter. Palantir Technologies accounts for 1.3% of Titleist Asset Management LLC’s holdings, making the stock its 21st biggest holding. Titleist Asset Management LLC’s holdings in Palantir Technologies were worth $12,802,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Accuvest Global Advisors increased its position in Palantir Technologies by 0.7% during the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after acquiring an additional 63 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Palantir Technologies by 0.4% during the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock worth $2,094,000 after purchasing an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. boosted its stake in shares of Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after purchasing an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. grew its holdings in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock valued at $1,007,000 after purchasing an additional 73 shares during the last quarter. Finally, Boomfish Wealth Group LLC raised its position in Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after purchasing an additional 73 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Bank of America boosted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. CICC Research upped their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, DA Davidson boosted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Trading Down 0.6%

PLTR opened at $154.85 on Friday. The company has a market capitalization of $369.08 billion, a price-to-earnings ratio of 368.70, a PEG ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a 12-month low of $61.37 and a 12-month high of $207.52. The business’s fifty day simple moving average is $180.34 and its 200-day simple moving average is $158.19.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 150,651 shares of company stock worth $23,892,804 over the last quarter. 9.23% of the stock is currently 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.