Palantir Technologies Inc. $PLTR Stock Holdings Decreased by TBH Global Asset Management LLC

TBH Global Asset Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,823 shares of the company’s stock after selling 83 shares during the quarter. TBH Global Asset Management LLC’s holdings in Palantir Technologies were worth $1,884,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $366,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Palantir Technologies by 52.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company’s stock valued at $650,000 after acquiring an additional 2,642 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Palantir Technologies by 17.2% during the first quarter. Versant Capital Management Inc now owns 5,252 shares of the company’s stock worth $443,000 after acquiring an additional 772 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.9%

Shares of PLTR stock opened at $177.57 on Friday. The company has a market capitalization of $421.26 billion, a price-to-earnings ratio of 591.92, a P/E/G ratio of 9.91 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $36.05 and a 1-year high of $190.00. The stock’s fifty day simple moving average is $166.16 and its 200-day simple moving average is $133.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same period last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue 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, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PLTR shares. Citigroup restated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction 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 90 days, insiders sold 1,634,634 shares of company stock worth $250,524,804. Insiders own 9.23% of the company’s stock.

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.