Ensign Peak Advisors Inc Purchases 434,880 Shares of Palantir Technologies Inc. $PLTR

Ensign Peak Advisors Inc lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 42.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,465,374 shares of the company’s stock after buying an additional 434,880 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Palantir Technologies were worth $199,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $27,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the 2nd quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.1%

PLTR stock opened at $165.42 on Thursday. The firm has a market cap of $394.27 billion, a PE ratio of 393.87, a P/E/G ratio of 6.49 and a beta of 2.63. The business has a 50 day moving average of $180.85 and a 200-day moving average of $157.65. Palantir Technologies Inc. has a 12-month low of $59.96 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $0.10 EPS. The business’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. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction 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 completion of the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the sale, the director directly owned 59,794 shares in the company, valued at $9,922,814.30. This trade represents a 25.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 180,651 shares of company stock valued at $28,679,304. 9.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. CICC Research raised their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Five equities research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies 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.