Interchange Capital Partners LLC Sells 2,260 Shares of Palantir Technologies Inc. $PLTR

Interchange Capital Partners LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,796 shares of the company’s stock after selling 2,260 shares during the quarter. Interchange Capital Partners LLC’s holdings in Palantir Technologies were worth $1,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $25,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies during the second quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $28,000. Family Legacy Financial Solutions LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $31,000. Finally, Tradewinds Capital Management LLC increased its holdings in Palantir Technologies by 147.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 235 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction 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. The trade was a 15.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 2.3%

Palantir Technologies stock opened at $184.63 on Friday. The business has a 50-day simple moving average of $171.35 and a two-hundred day simple moving average of $146.82. The company has a market cap of $438.01 billion, a P/E ratio of 615.45, a P/E/G ratio of 10.01 and a beta of 2.60. Palantir Technologies Inc. has a 52-week low of $40.90 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Bank of America lifted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a report on Monday, September 15th. Finally, Loop Capital lifted their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.28.

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.