Palantir Technologies Inc. $PLTR Stock Holdings Raised by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,508 shares of the company’s stock after buying an additional 39,744 shares during the quarter. Palantir Technologies accounts for approximately 2.4% of SBI Securities Co. Ltd.’s holdings, making the stock its 10th biggest holding. SBI Securities Co. Ltd.’s holdings in Palantir Technologies were worth $83,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Truist Financial Corp boosted its stake in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares in the last quarter. State of Michigan Retirement System increased its stake in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new position in Palantir Technologies during the second quarter worth $204,000. New Century Financial Group LLC bought a new stake in Palantir Technologies during the second quarter worth about $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after acquiring an additional 1,135,841 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PLTR shares. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Citigroup boosted their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird raised their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.45.

Palantir Technologies Stock Down 1.4%

Shares of PLTR opened at $190.96 on Wednesday. The business has a 50-day simple moving average of $179.15 and a two-hundred day simple moving average of $155.63. Palantir Technologies Inc. has a 12-month low of $58.53 and a 12-month high of $207.52. The stock has a market cap of $453.02 billion, a PE ratio of 454.68, a PEG ratio of 7.51 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.