Palantir Technologies Inc. $PLTR Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.9% in the second quarter, Holdings Channel.com reports. The fund owned 47,143 shares of the company’s stock after buying an additional 10,859 shares during the quarter. Palantir Technologies makes up 0.6% of Mufg Securities Americas Inc.’s investment portfolio, making the stock its 25th largest position. Mufg Securities Americas Inc.’s holdings in Palantir Technologies were worth $6,427,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC grew its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC increased its holdings in Palantir Technologies by 38.0% in the first 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. Carnegie Investment Counsel lifted its position in shares of Palantir Technologies by 0.3% during the 1st quarter. Carnegie Investment Counsel now owns 119,044 shares of the company’s stock valued at $9,266,000 after acquiring an additional 343 shares during the period. Finally, Advisor OS LLC lifted its position in shares of Palantir Technologies by 22.6% during the 1st quarter. Advisor OS LLC now owns 6,929 shares of the company’s stock valued at $585,000 after acquiring an additional 1,278 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTR. Citigroup raised their price objective on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Piper Sandler raised their price target on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Finally, Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $172.28.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the stock in a transaction dated 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 owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,651 shares of company stock valued at $23,892,804 over the last quarter. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 0.6%

Palantir Technologies stock opened at $154.85 on Friday. The stock has a 50-day moving average price of $180.34 and a 200 day moving average price of $157.85. Palantir Technologies Inc. has a 52 week low of $61.37 and a 52 week high of $207.52. The stock has a market cap of $369.08 billion, a PE ratio of 368.70, a P/E/G ratio of 6.04 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.