OMERS ADMINISTRATION Corp Sells 11,250 Shares of Palantir Technologies Inc. $PLTR

OMERS ADMINISTRATION Corp cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,783 shares of the company’s stock after selling 11,250 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Palantir Technologies were worth $10,876,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp lifted its position in shares of Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares during the last quarter. State of Michigan Retirement System boosted its position in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $204,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth about $228,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR opened at $168.44 on Monday. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The company’s 50 day moving average price is $179.48 and its two-hundred day moving average price is $160.03. The firm has a market capitalization of $401.46 billion, a price-to-earnings ratio of 401.05, a PEG ratio of 6.53 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 for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business 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%.Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,146,892 shares of company stock valued at $186,381,382 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PLTR shares. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. UBS Group boosted their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $172.28.

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.