OLD National Bancorp IN Sells 958 Shares of Palantir Technologies Inc. $PLTR

OLD National Bancorp IN reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,008 shares of the company’s stock after selling 958 shares during the quarter. OLD National Bancorp IN’s holdings in Palantir Technologies were worth $1,228,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the second quarter valued at about $2,543,888,000. Nuveen LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at about $520,232,000. Price T Rowe Associates Inc. MD increased its position in Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. raised 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 last quarter. Finally, Amundi lifted its position in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after purchasing an additional 3,815,386 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Royal Bank Of Canada raised their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.22.

Palantir Technologies Trading Up 3.7%

NASDAQ PLTR opened at $179.53 on Tuesday. Palantir Technologies Inc. has a 12 month low of $38.78 and a 12 month high of $190.00. The stock has a 50-day simple moving average of $169.33 and a 200 day simple moving average of $137.95. The company has a market capitalization of $425.91 billion, a PE ratio of 598.45, a P/E/G ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies 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.