Palantir Technologies Inc. $PLTR Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 699,763 shares of the company’s stock after buying an additional 46,878 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $94,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Palantir Technologies by 58.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 936,286 shares of the company’s stock worth $79,023,000 after buying an additional 343,874 shares during the last quarter. Finally, Financial Counselors Inc. raised its stake in shares of Palantir Technologies by 21.4% during the 1st quarter. Financial Counselors Inc. now owns 5,433 shares of the company’s stock worth $459,000 after buying an additional 958 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group upped 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. Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird upped their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $169.44.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. This represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $187.90 on Thursday. The firm has a market cap of $445.76 billion, a P/E ratio of 447.39, a PEG ratio of 10.11 and a beta of 2.63. Palantir Technologies Inc. has a 1-year low of $51.61 and a 1-year high of $207.52. The firm’s 50-day simple moving average is $176.97 and its 200-day simple moving average is $152.92.

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, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.