FUKOKU MUTUAL LIFE INSURANCE Co Trims Stake in Palantir Technologies Inc. $PLTR

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,012 shares of the company’s stock after selling 1,062 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Palantir Technologies were worth $1,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth $27,000. 1248 Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at $27,000. Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $165.42 on Thursday. The company has a market capitalization of $394.27 billion, a P/E ratio of 393.87, a PEG ratio of 6.49 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $59.96 and a fifty-two week high of $207.52. The stock has a 50 day moving average price of $180.85 and a two-hundred day moving average price of $157.65.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $0.10 earnings per share. The business’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, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on PLTR shares. UBS Group increased their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Citigroup raised their price objective on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Mizuho upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Palantir Technologies in a research report on Monday. Five analysts have rated the stock with a Buy rating, seventeen 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 $172.28.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the sale, the insider owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 180,651 shares of company stock valued at $28,679,304. Company insiders own 9.23% of the company’s stock.

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.