Palantir Technologies Inc. $PLTR Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,343,277 shares of the company’s stock after purchasing an additional 346,988 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Palantir Technologies worth $183,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Generali Investments Management Co LLC boosted its stake in shares of Palantir Technologies by 224.6% in the second quarter. Generali Investments Management Co LLC now owns 62,097 shares of the company’s stock valued at $8,454,000 after buying an additional 42,965 shares in the last quarter. Westpac Banking Corp lifted its holdings in Palantir Technologies by 28.9% in the second quarter. Westpac Banking Corp now owns 30,754 shares of the company’s stock valued at $4,192,000 after acquiring an additional 6,900 shares during the period. Western Wealth Management LLC lifted its holdings in Palantir Technologies by 8.6% in the second quarter. Western Wealth Management LLC now owns 40,067 shares of the company’s stock valued at $5,462,000 after acquiring an additional 3,167 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $257,000. Finally, MTM Investment Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. HSBC increased their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. DA Davidson upped their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird raised their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note 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 company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Price Performance

Shares of PLTR opened at $174.01 on Friday. Palantir Technologies Inc. has a 1-year low of $58.85 and a 1-year high of $207.52. The stock has a market cap of $414.74 billion, a price-to-earnings ratio of 414.32, a price-to-earnings-growth ratio of 6.75 and a beta of 2.63. The firm has a 50 day simple moving average of $180.47 and a 200-day simple moving average of $156.63.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.