National Pension Service Has $595.34 Million Stock Position in Palantir Technologies Inc. $PLTR

National Pension Service reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,367,253 shares of the company’s stock after selling 838,485 shares during the quarter. National Pension Service owned 0.19% of Palantir Technologies worth $595,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advyzon Investment Management LLC lifted its holdings in shares of Palantir Technologies by 132.6% in the second quarter. Advyzon Investment Management LLC now owns 4,633 shares of the company’s stock worth $632,000 after acquiring an additional 2,641 shares during the last quarter. Verus Capital Partners LLC grew its holdings in shares of Palantir Technologies by 39.1% during the 2nd quarter. Verus Capital Partners LLC now owns 89,339 shares of the company’s stock valued at $12,179,000 after purchasing an additional 25,124 shares during the last quarter. STF Management LP increased its position in Palantir Technologies by 2.8% during the 2nd quarter. STF Management LP now owns 33,249 shares of the company’s stock worth $4,533,000 after purchasing an additional 900 shares in the last quarter. Mayport LLC bought a new position in Palantir Technologies in the 2nd quarter valued at approximately $213,000. Finally, Clarity Wealth Advisors LLC boosted its position in Palantir Technologies by 47.6% in the second quarter. Clarity Wealth Advisors LLC now owns 6,378 shares of the company’s stock valued at $869,000 after buying an additional 2,058 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,527,750 shares of company stock valued at $234,463,896 over the last 90 days. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a 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. Morgan Stanley lifted their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. UBS Group upped their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler raised their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $173.45.

Palantir Technologies Price Performance

Shares of PLTR opened at $190.96 on Wednesday. The business has a 50-day moving average of $179.15 and a 200-day moving average of $155.63. The company has a market capitalization of $453.02 billion, a price-to-earnings ratio of 454.68, a price-to-earnings-growth ratio of 7.51 and a beta of 2.63. 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 return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue 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, sell-side 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.