ProShare Advisors LLC Has $486.18 Million Stock Holdings in Palantir Technologies Inc. $PLTR

ProShare Advisors LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,566,476 shares of the company’s stock after acquiring an additional 206,421 shares during the period. Palantir Technologies makes up approximately 1.0% of ProShare Advisors LLC’s investment portfolio, making the stock its 13th largest holding. ProShare Advisors LLC owned 0.15% of Palantir Technologies worth $486,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Profund Advisors LLC raised its stake in Palantir Technologies by 14.1% in the 2nd quarter. Profund Advisors LLC now owns 206,991 shares of the company’s stock valued at $28,217,000 after acquiring an additional 25,653 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Palantir Technologies by 0.5% during the 2nd quarter. King Luther Capital Management Corp now owns 71,197 shares of the company’s stock worth $9,706,000 after purchasing an additional 345 shares in the last quarter. PFG Advisors lifted its holdings in shares of Palantir Technologies by 4.4% during the 2nd quarter. PFG Advisors now owns 19,071 shares of the company’s stock worth $2,600,000 after acquiring an additional 796 shares during the period. Merrion Investment Management Co LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at $307,000. Finally, Zions Bancorporation National Association UT boosted its stake in shares of Palantir Technologies by 4.5% in the 2nd quarter. Zions Bancorporation National Association UT now owns 4,277 shares of the company’s stock valued at $583,000 after purchasing an additional 184 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider directly owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLTR shares. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Mizuho lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. HSBC boosted their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, UBS Group raised 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. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Price Performance

Shares of PLTR opened at $177.93 on Monday. Palantir Technologies Inc. has a one year low of $55.30 and a one year high of $207.52. The company has a market cap of $422.11 billion, a PE ratio of 423.65, a P/E/G ratio of 6.90 and a beta of 2.63. The stock has a 50-day moving average of $177.73 and a 200-day moving average of $154.47.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue for the quarter 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. Analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.