Palantir Technologies Inc. $PLTR Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,616,561 shares of the company’s stock after selling 109,666 shares during the quarter. Korea Investment CORP’s holdings in Palantir Technologies were worth $220,370,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PLTR. Vanguard Group Inc. grew its position in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. Northern Trust Corp lifted its position in shares of Palantir Technologies by 0.3% during the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after purchasing an additional 64,973 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the second quarter valued at $2,543,888,000. Invesco Ltd. grew its holdings in Palantir Technologies by 20.3% during the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLTR shares. Bank of America upped their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lifted their price target on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Piper Sandler increased their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Trading Up 1.4%

NASDAQ:PLTR opened at $165.77 on Thursday. The firm has a market capitalization of $395.10 billion, a PE ratio of 394.70, a price-to-earnings-growth ratio of 6.34 and a beta of 2.63. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52. The stock has a 50 day moving average of $179.98 and a 200-day moving average of $159.20.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,435,312.50. This represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares in the company, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,149,695 shares of company stock worth $186,821,453. 9.23% of the stock is owned by company insiders.

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.