United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 2,400 Shares of Palantir Technologies Inc. $PLTR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 77.4% in the second quarter, Holdings Channel.com reports. The fund owned 5,500 shares of the company’s stock after purchasing an additional 2,400 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Palantir Technologies were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLTR. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at about $2,543,888,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the 2nd 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 during the last quarter. Nuveen LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after purchasing an additional 4,748,513 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the transaction, the insider directly owned 47,044 shares in the company, valued at $7,409,430. This represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 39,136 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $92,500. This represents a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,149,695 shares of company stock worth $186,821,453 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

PLTR opened at $165.77 on Thursday. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The stock has a market cap of $395.10 billion, a price-to-earnings ratio of 394.70, a P/E/G ratio of 6.34 and a beta of 2.63. The stock’s 50 day moving average price is $179.98 and its 200-day moving average price is $159.20.

Palantir Technologies (NASDAQ:PLTR) last released 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. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. UBS Group lifted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. HSBC lifted their price target on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Citigroup boosted their target price on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $172.28.

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.