Ameritas Advisory Services LLC Has $4.78 Million Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Ameritas Advisory Services LLC increased its stake in Palantir Technologies by 12.3% during the second quarter, bringing its total shares to 35,081, valued at approximately $4.78 million.
• Insider David A. Glazer sold 81,000 shares at an average price of $154.47, indicating a significant decrease in his position, while a total of 1.59 million shares were sold by insiders in the last quarter.
• Palantir Technologies reported $1 billion in revenue for the most recent quarter, surpassing analysts' expectations, and its stock has a current market cap of $443.75 billion.

Ameritas Advisory Services LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,081 shares of the company's stock after buying an additional 3,853 shares during the quarter. Ameritas Advisory Services LLC's holdings in Palantir Technologies were worth $4,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Nuveen LLC bought a new position in Palantir Technologies during the first quarter worth $520,232,000. Price T Rowe Associates Inc. MD increased its position in Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Finally, Amundi raised its stake in shares of Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company's stock valued at $887,857,000 after buying an additional 3,815,386 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock worth $244,676,722 in the last quarter. Company insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 1.1%

Shares of NASDAQ:PLTR opened at $187.05 on Friday. The stock has a market capitalization of $443.75 billion, a P/E ratio of 623.52, a P/E/G ratio of 10.32 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $37.37 and a 1-year high of $190.00. The business has a 50-day moving average price of $168.62 and a two-hundred day moving average price of $136.02.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PLTR shares. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $140.22.

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.

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