CENTRAL TRUST Co Has $1.23 Million Stock Holdings in Palantir Technologies Inc. $PLTR

CENTRAL TRUST Co raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,991 shares of the company’s stock after acquiring an additional 1,092 shares during the period. CENTRAL TRUST Co’s holdings in Palantir Technologies were worth $1,226,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter valued at $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $28,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $184.17 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $58.53 and a fifty-two week high of $207.52. The stock has a market capitalization of $436.91 billion, a price-to-earnings ratio of 438.51, a PEG ratio of 7.40 and a beta of 2.63. The business’s fifty day moving average price is $179.73 and its two-hundred day moving average price is $155.83.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLTR. The Goldman Sachs Group increased their price target on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley boosted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, CICC Research lifted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last three months. 9.23% of the stock is owned by insiders.

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.