Nisa Investment Advisors LLC Grows Position in Palantir Technologies Inc. $PLTR

Nisa Investment Advisors LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 449,960 shares of the company’s stock after buying an additional 49,607 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Palantir Technologies were worth $61,339,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares during the last quarter. GAMMA Investing LLC grew its position in Palantir Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 22,653 shares of the company’s stock worth $1,912,000 after purchasing an additional 9,810 shares in the last quarter. Bessemer Group Inc. increased its stake in Palantir Technologies by 13.6% in the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company’s stock valued at $2,145,000 after buying an additional 3,050 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its stake in Palantir Technologies by 47.6% in the 1st quarter. Beacon Financial Advisory LLC now owns 6,614 shares of the company’s stock valued at $558,000 after buying an additional 2,133 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Cantor Fitzgerald raised their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $141.28.

Palantir Technologies Trading Up 2.3%

Palantir Technologies stock opened at $184.63 on Friday. The firm has a 50 day simple moving average of $171.35 and a 200 day simple moving average of $146.82. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The firm has a market capitalization of $438.01 billion, a price-to-earnings ratio of 615.45, a P/E/G ratio of 10.01 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 222,878 shares of the business’s 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 transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 9.23% of the stock is owned by corporate insiders.

About Palantir Technologies

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.