Palantir Technologies Inc. $PLTR Stock Position Trimmed by NTV Asset Management LLC

NTV Asset Management LLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 133,442 shares of the company’s stock after selling 6,624 shares during the period. Palantir Technologies makes up approximately 2.2% of NTV Asset Management LLC’s holdings, making the stock its 8th largest holding. NTV Asset Management LLC’s holdings in Palantir Technologies were worth $18,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Palantir Technologies during the 2nd quarter worth $31,000. Adirondack Trust Co. increased its stake in shares of Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company’s stock valued at $39,000 after buying an additional 185 shares during the period. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter valued at about $25,000. Finally, Park Place Capital Corp increased its position in Palantir Technologies by 48.1% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 7.5%

NASDAQ PLTR opened at $173.07 on Friday. The firm’s fifty day simple moving average is $168.90 and its two-hundred day simple moving average is $136.63. Palantir Technologies Inc. has a 12-month low of $38.78 and a 12-month high of $190.00. The firm has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a P/E/G ratio of 10.44 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director owned 50,794 shares in the company, valued at approximately $9,021,014.40. The trade was a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. Insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PLTR shares. Loop Capital raised 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. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. 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. Cantor Fitzgerald lifted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and lifted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $140.22.

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.