United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Grows Holdings in Palantir Technologies Inc. $PLTR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 77.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PLTR. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the first quarter valued at $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $27,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Mizuho raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley boosted their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Performance

Palantir Technologies stock 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 PE ratio of 394.70, a price-to-earnings-growth ratio of 6.34 and a beta of 2.63. The stock has a fifty day moving average of $179.98 and a 200 day moving average of $159.20.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $97,082.08. The trade was a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’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 transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,149,695 shares of company stock valued at $186,821,453 in the last ninety days. Corporate insiders own 9.23% of the company’s stock.

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.