Asahi Life Asset Management CO. LTD. Sells 725 Shares of Palantir Technologies Inc. $PLTR

Asahi Life Asset Management CO. LTD. trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,545 shares of the company’s stock after selling 725 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Palantir Technologies were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PLTR. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $187.90 on Thursday. Palantir Technologies Inc. has a 52-week low of $51.61 and a 52-week high of $207.52. The company has a 50-day simple moving average of $176.97 and a 200 day simple moving average of $152.92. The company has a market capitalization of $445.76 billion, a PE ratio of 447.39, a price-to-earnings-growth ratio of 10.11 and a beta of 2.63.

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

Insider Buying and Selling at Palantir Technologies

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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock valued at $234,463,896 in the last three months. 9.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup increased their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho increased their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $169.44.

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.