Rathbones Group PLC Lowers Position in Palantir Technologies Inc. $PLTR

Rathbones Group PLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.3% in the second quarter, HoldingsChannel.com reports. The fund owned 35,986 shares of the company’s stock after selling 13,489 shares during the period. Rathbones Group PLC’s holdings in Palantir Technologies were worth $4,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PLTR. Mechanics Financial Corp purchased a new position in Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter valued at about $27,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This represents a 99.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $177.93 on Monday. The firm has a market cap of $422.11 billion, a PE ratio of 423.65, a price-to-earnings-growth ratio of 6.90 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The business has a 50 day moving average price of $177.73 and a 200-day moving average price of $154.47.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson upped their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. The Goldman Sachs Group upped their target price on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Piper Sandler upped their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $173.45.

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.