Signature Estate & Investment Advisors LLC Sells 79 Shares of Palantir Technologies Inc. $PLTR

Signature Estate & Investment Advisors LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 3,638 shares of the company’s stock after selling 79 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Palantir Technologies were worth $496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its position in shares of Palantir Technologies by 4.2% during 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 in the last quarter. Presilium Private Wealth LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at approximately $204,000. New Century Financial Group LLC bought a new stake in Palantir Technologies in the 2nd quarter worth approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after acquiring an additional 1,135,841 shares in the last quarter. Finally, Synergy Asset Management LLC boosted its position in shares of Palantir Technologies by 37.1% during the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after acquiring an additional 2,606 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.9%

Shares of NASDAQ:PLTR opened at $181.59 on Tuesday. The firm has a 50 day moving average of $171.50 and a 200 day moving average of $144.42. The company has a market capitalization of $430.79 billion, a price-to-earnings ratio of 605.32, a price-to-earnings-growth ratio of 9.66 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 posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 net margin of 22.18% and a return on equity of 10.75%. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction on Friday, September 5th. The shares were 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 owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLTR. Loop Capital upped their target price 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five investment 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. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target 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.