Truist Financial Corp Sells 7,971 Shares of Palantir Technologies Inc. $PLTR

Truist Financial Corp lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 529,029 shares of the company’s stock after selling 7,971 shares during the quarter. Truist Financial Corp’s holdings in Palantir Technologies were worth $96,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Palantir Technologies during the second quarter valued at approximately $3,307,457,000. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after buying an additional 6,097,629 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after acquiring an additional 2,838,300 shares during the last quarter. Finally, Clear Street LLC purchased a new position in Palantir Technologies in the second quarter worth $295,508,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the completion of the transaction, the director owned 58,687 shares in the company, valued at $10,642,887.45. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $157.35 on Thursday. The stock’s 50 day simple moving average is $176.37 and its 200 day simple moving average is $173.58. The firm has a market cap of $375.03 billion, a price-to-earnings ratio of 374.65, a PEG ratio of 4.17 and a beta of 1.54. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue was up 62.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Strong retail interest—especially among younger investors—has helped sustain momentum and trading volume, supporting demand for PLTR shares. 3 Reasons Gen Z Likes Palantir Stock
• Positive Sentiment: Some analysts are turning bullish on AI-led growth, initiating coverage or raising targets based on Palantir’s commercial expansion and AI product positioning. This provides a constructive fundamental backdrop. Analyst Sees Strong AI-Led Growth in Palantir (PLTR), Starts Buy
• Positive Sentiment: Expectations for robust Q4 results and continued government/commercial contract wins are keeping longer?term conviction intact ahead of the report. Palantir Stock (PLTR): Can Q4 Earnings Support Its 100%+ Rally?
• Neutral Sentiment: Earnings timing = volatility catalyst — investors are watching the Feb. 2 Q4 report; that event is likely driving short?term flows but is neutral until results arrive. Dear Palantir Stock Fans, Mark Your Calendars for February 2
• Neutral Sentiment: Talent flow: a former Palantir engineer launched a well?funded cyber AI startup — notable for the ecosystem but not an immediate earnings impact. Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella
• Negative Sentiment: Bear case re?surfacing — an RBC analyst warned PLTR could fall substantially (to ~$50) citing valuation and insider selling, triggering defensive selling by some investors. This Analyst Warns Palantir Stock Could Plunge to $50. Should You Sell Shares Now?
• Negative Sentiment: Mixed analyst targets and caution about an elevated valuation are increasing downside risk for short?term holders; price targets remain dispersed. What Are Wall Street Analysts’ Target Price for Palantir Technologies Stock?
• Negative Sentiment: Several commentary pieces warn about a bubble/risk of sharp pullbacks after a big run — sentiment swings could amplify intraday declines on any minor disappointment. Palantir: Trading PLTR Shares – Growth Vs. A Bubble Burst (Earnings Preview)

Analyst Ratings Changes

PLTR has been the topic of a number of research reports. CICC Research raised their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Piper Sandler increased their price objective on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Bank of America upped their target price on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $184.07.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.