National Pension Service Sells 838,485 Shares of Palantir Technologies Inc. $PLTR

National Pension Service lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.1% during the second quarter, Holdings Channel reports. The fund owned 4,367,253 shares of the company’s stock after selling 838,485 shares during the quarter. National Pension Service’s holdings in Palantir Technologies were worth $595,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. Schechter Investment Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $428,000. Finally, CWM LLC boosted its holdings in Palantir Technologies by 26.3% in the first quarter. CWM LLC now owns 193,302 shares of the company’s stock worth $16,315,000 after acquiring an additional 40,209 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on 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 transaction, the insider owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,527,750 shares of company stock worth $234,463,896. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets upped their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. DA Davidson lifted their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $173.45.

Palantir Technologies Price Performance

PLTR opened at $190.96 on Wednesday. The company has a market capitalization of $453.02 billion, a price-to-earnings ratio of 454.68, a P/E/G ratio of 7.51 and a beta of 2.63. The firm’s fifty day moving average price is $179.15 and its two-hundred day moving average price is $155.63. Palantir Technologies Inc. has a 1 year low of $58.53 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating 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 company 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 posted $0.10 earnings per share. The firm’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. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.