Palantir Technologies Inc. $PLTR Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 567,082 shares of the company’s stock after selling 151,443 shares during the quarter. Palantir Technologies accounts for 0.5% of Intech Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. Intech Investment Management LLC’s holdings in Palantir Technologies were worth $47,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Focus Partners Wealth lifted its stake in shares of Palantir Technologies by 8.4% in the first quarter. Focus Partners Wealth now owns 430,420 shares of the company’s stock worth $36,312,000 after acquiring an additional 33,506 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Palantir Technologies in the first quarter valued at about $136,000. Integrity Alliance LLC. raised its stake in Palantir Technologies by 789.5% during the first quarter. Integrity Alliance LLC. now owns 53,841 shares of the company’s stock valued at $4,544,000 after buying an additional 47,788 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in Palantir Technologies by 235.0% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 335,000 shares of the company’s stock valued at $28,274,000 after buying an additional 235,000 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Palantir Technologies by 1.6% during the 1st quarter. Plato Investment Management Ltd now owns 56,010 shares of the company’s stock worth $4,778,000 after buying an additional 864 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. Bank of America upped their price target on Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Citigroup restated a “neutral” rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.61.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $162.36 on Wednesday. Palantir Technologies Inc. has a 12-month low of $33.62 and a 12-month high of $190.00. The firm has a market capitalization of $385.17 billion, a price-to-earnings ratio of 541.22, a price-to-earnings-growth ratio of 8.80 and a beta of 2.59. The business has a 50 day simple moving average of $158.03 and a 200 day simple moving average of $125.50.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,604,634 shares of company stock worth $245,441,454. 12.93% of the stock is owned by company 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.