Trustmark Bank Trust Department Has $796,000 Stake in Palantir Technologies Inc. $PLTR

Trustmark Bank Trust Department boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 23.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,840 shares of the company’s stock after acquiring an additional 1,107 shares during the quarter. Trustmark Bank Trust Department’s holdings in Palantir Technologies were worth $796,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PLTR. First National Advisers LLC acquired a new stake in shares of Palantir Technologies in the second quarter worth about $293,000. Legacy Capital Wealth Partners LLC raised its holdings in Palantir Technologies by 26.4% in the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 8,477 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,769 shares during the period. Pursue Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $310,000. Meridian Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $477,000. Finally, New York State Common Retirement Fund increased its position in Palantir Technologies by 132.0% during the second quarter. New York State Common Retirement Fund now owns 2,500,641 shares of the company’s stock worth $340,887,000 after acquiring an additional 1,422,900 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $168.44 on Monday. The firm has a 50 day simple moving average of $179.48 and a 200 day simple moving average of $160.03. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The firm has a market cap of $401.46 billion, a P/E ratio of 401.05, a P/E/G ratio of 6.53 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. The trade was a 18.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,146,892 shares of company stock valued at $186,381,382 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PLTR shares. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Mizuho upped their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Citigroup boosted their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies 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.