Palantir Technologies Inc. $PLTR Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,073 shares of the company’s stock after selling 4,847 shares during the period. Palantir Technologies comprises approximately 4.8% of Gables Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Gables Capital Management Inc.’s holdings in Palantir Technologies were worth $10,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp increased its holdings in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the period. Presilium Private Wealth LLC acquired a new stake in Palantir Technologies in the second quarter valued at $204,000. New Century Financial Group LLC acquired a new stake in Palantir Technologies in the second quarter valued at $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Palantir Technologies by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after purchasing an additional 1,135,841 shares during the period. Finally, Synergy Asset Management LLC increased its holdings in Palantir Technologies by 37.1% in the second quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,606 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.0%

Shares of PLTR opened at $181.51 on Wednesday. The stock has a market capitalization of $430.60 billion, a P/E ratio of 605.05, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The firm’s fifty day simple moving average is $171.39 and its two-hundred day simple moving average is $144.68. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company 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 firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PLTR shares. Cantor Fitzgerald increased their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Finally, Loop Capital upped their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.28.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last 90 days. 12.93% of the stock is 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.