Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Purchases 4,977 Shares of Palantir Technologies Inc. $PLTR

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 211.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,330 shares of the company’s stock after acquiring an additional 4,977 shares during the quarter. Palantir Technologies makes up 3.6% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s investment portfolio, making the stock its 5th biggest position. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings in Palantir Technologies were worth $1,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after acquiring an additional 757,322 shares during the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares in the last quarter. Amundi lifted its stake in shares of Palantir Technologies by 2.5% in the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after acquiring an additional 398,093 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies in the first quarter valued at about $1,574,111,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

Here are a few of the latest stories about PLTR:

• Positive Sentiment: Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating estimates for both. Some analysts and commentators argue that the company’s enterprise AI growth story remains intact; one article also highlights 165% customer retention as a sign of expansion potential. Article: Palantir: 165% Retention Signals The Next Enterprise AI Boom
• Neutral Sentiment: CEO Alex Karp’s comments emphasizing the role of U.S. military support in Silicon Valley’s development reinforce Palantir’s government and defense positioning, but the article does not report a new contract or financial impact. Article: Palantir CEO Alex Karp Says Silicon Valley ‘Would Not Even Exist’ Without US Military Support
• Negative Sentiment: Investors are focused on weaker bookings indicators despite the revenue beat: total contract value reportedly grew just 6% year over year, versus 49% in the prior quarter, while U.S. commercial contract value fell sequentially. These figures raise questions about whether sales momentum can sustain recent growth. Article: Palantir (PLTR) Stock Slips Despite Strong AI Revenue

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the sale, the director owned 3,465 shares in the company, valued at $710,325. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 523,716 shares of company stock valued at $92,212,379 over the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PLTR shares. Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a report on Monday, October 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Palantir Technologies in a research report on Wednesday, November 4th. Deutsche Bank reaffirmed a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research report on Monday, October 26th. Finally, Barclays increased their target price on Palantir Technologies from $265.00 to $273.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.76.

Palantir Technologies Stock Performance

PLTR opened at $171.58 on Friday. The company has a 50-day moving average of $185.08 and a 200-day moving average of $153.81. The company has a market capitalization of $412.32 billion, a P/E ratio of 119.99, a PEG ratio of 3.48 and a beta of 1.65. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 95.9% compared to the same quarter last year. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.36 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.