Atria Investments Inc Sells 18,945 Shares of Palantir Technologies Inc. $PLTR

Atria Investments Inc lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 51,284 shares of the company’s stock after selling 18,945 shares during the period. Atria Investments Inc’s holdings in Palantir Technologies were worth $6,991,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies in the first quarter worth $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth about $27,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and upped their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Citigroup upped their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 price target (up 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $142.00.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction 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 represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company’s stock, valued at approximately $11,572,395.93. The trade was a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,557,750 shares of company stock valued at $239,713,896 over the last quarter. 9.23% of the stock is owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $200.47 on Friday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $204.18. The company has a 50-day moving average of $174.75 and a 200 day moving average of $150.42. The firm has a market cap of $475.58 billion, a PE ratio of 668.26, a price-to-earnings-growth ratio of 10.55 and a beta of 2.60.

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

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.