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

Ensign Peak Advisors Inc lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 42.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,465,374 shares of the company’s stock after buying an additional 434,880 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Palantir Technologies worth $199,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the 1st quarter valued at $27,000. Briaud Financial Planning Inc bought a new position in Palantir Technologies during the second quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PLTR shares. The Goldman Sachs Group upped their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada upped their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Morgan Stanley increased their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Bank of America increased their price target on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Trading Down 1.1%

Shares of NASDAQ PLTR opened at $165.42 on Thursday. The company has a market cap of $394.27 billion, a price-to-earnings ratio of 393.87, a PEG ratio of 6.49 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $59.96 and a 12 month high of $207.52. The stock has a 50-day moving average price of $180.85 and a two-hundred day moving average price of $157.65.

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

Insider Buying and Selling

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction 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 in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 180,651 shares of company stock valued at $28,679,304 over the last three months. Insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.