Palantir Technologies Inc. $PLTR Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,591 shares of the company’s stock after selling 512 shares during the period. Aviance Capital Partners LLC’s holdings in Palantir Technologies were worth $353,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $204,000. New Century Financial Group LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after buying an additional 1,135,841 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its stake in Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company’s stock valued at $1,312,000 after buying an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. Loop Capital upped their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. The Goldman Sachs Group boosted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. Five 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.com, the company has a consensus rating of “Hold” and an average target price of $142.00.

Palantir Technologies Stock Performance

Shares of PLTR opened at $200.47 on Friday. The stock has a fifty day moving average of $174.75 and a two-hundred day moving average of $150.78. The company has a market capitalization of $475.58 billion, a PE ratio of 668.26, a price-to-earnings-growth ratio of 10.87 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $40.90 and a fifty-two week high of $204.18.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was 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 in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is currently owned by company insiders.

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.