Sat Oct 05 04:03:22 UTC 2024: ## Palantir Technologies Sees Mixed Investor Activity and Analyst Opinions

**New York, NY** – Palantir Technologies Inc. (NYSE: PLTR) has been attracting attention from both institutional investors and analysts, with a mix of buying, selling, and price target adjustments.

According to recent 13F filings, several hedge funds have been active in the company’s stock. Notably, Farmers Trust Co. purchased a new position of 95,294 shares in the third quarter, valued at approximately $3.54 million. Other investors like Summit Securities Group LLC and Farmers & Merchants Investments Inc. also acquired new positions in the second quarter.

However, the company also saw insider selling. Director Eric H. Woersching sold 3,026 shares in July, while Director Lauren Elaina Friedman Stat sold 2,000 shares in the same month.

Research analysts have provided a mixed outlook on Palantir Technologies. Bank of America upgraded its target price from $30 to $50 and gave the company a “buy” rating, while Citigroup raised its price objective from $25 to $28 but maintained a “neutral” rating. Conversely, Mizuho downgraded Palantir from “neutral” to “underperform” and Royal Bank of Canada reiterated its “underperform” rating.

Overall, MarketBeat.com reports a consensus rating of “Hold” and a target price of $27.29.

Palantir’s stock performance has been mixed. It opened at $39.25 on Friday, with a market capitalization of $87.90 billion. The company’s earnings report for the quarter ending August 5th showed a miss on analysts’ estimates for earnings per share, although revenue exceeded expectations.

The company’s software platforms are used by the intelligence community for counterterrorism investigations and operations. Palantir continues to be a focus of investor attention as it navigates a rapidly evolving technological landscape.

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