Arbor Trust Wealth Advisors LLC Lowers Stock Position in Palantir Technologies Inc. $PLTR

Arbor Trust Wealth Advisors LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,181 shares of the company’s stock after selling 2,169 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Palantir Technologies were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter worth $450,000. Bison Wealth LLC raised its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its stake in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Palantir Technologies by 1.7% in the 1st quarter. Allworth Financial LP now owns 35,182 shares of the company’s stock worth $2,969,000 after purchasing an additional 598 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Palantir Technologies by 17.7% in the 1st quarter. Cerity Partners LLC now owns 741,836 shares of the company’s stock worth $60,911,000 after purchasing an additional 111,748 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLTR. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Mizuho lifted their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird upped their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $173.45.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $177.93 on Friday. Palantir Technologies Inc. has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The firm has a market cap of $422.11 billion, a P/E ratio of 423.65, a P/E/G ratio of 6.89 and a beta of 2.63. The business’s 50 day moving average price is $177.73 and its 200-day moving average price is $154.10.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,527,750 shares of company stock worth $234,463,896. Company insiders own 9.23% of the company’s stock.

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.