SPC Financial Inc. Sells 637 Shares of Palantir Technologies Inc. $PLTR

SPC Financial Inc. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 23.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,127 shares of the company’s stock after selling 637 shares during the quarter. SPC Financial Inc.’s holdings in Palantir Technologies were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PLTR. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the 2nd quarter worth $2,543,888,000. Nuveen LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after buying an additional 4,748,513 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Amundi grew its holdings in shares of Palantir Technologies by 56.1% during the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,591,085 shares of company stock worth $244,714,146. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 5.4%

Shares of PLTR opened at $175.44 on Monday. The stock has a market capitalization of $416.20 billion, a P/E ratio of 584.82, a PEG ratio of 9.51 and a beta of 2.60. The firm has a fifty day simple moving average of $171.32 and a two-hundred day simple moving average of $140.40. Palantir Technologies Inc. has a twelve month low of $40.36 and a twelve month high of $190.00.

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

Analysts Set New Price Targets

Several equities analysts recently commented on PLTR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $140.22.

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.