Asset Management One Co. Ltd. Acquires 42,517 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Asset Management One Co. Ltd. increased its stake in Palantir Technologies by 4.8% during the second quarter, acquiring an additional 42,517 shares for a total of 928,091 shares valued at approximately $126.5 million.
• Palantir Technologies recently reported a quarterly revenue of $1 billion, significantly surpassing analyst expectations of $939.29 million, and earnings per share of $0.16, beating forecasts by $0.02.
• Insider transactions showed significant selling activity, with insiders selling over 1.5 million shares valued at approximately $239.7 million in recent months.

Asset Management One Co. Ltd. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 928,091 shares of the company's stock after buying an additional 42,517 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Palantir Technologies were worth $126,517,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 2.8%

Shares of NASDAQ:PLTR opened at $180.48 on Friday. The stock has a fifty day simple moving average of $171.20 and a two-hundred day simple moving average of $145.60. The stock has a market capitalization of $428.16 billion, a price-to-earnings ratio of 601.62, a PEG ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $40.90 and a 12-month high of $190.00.

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

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction 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 transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLTR shares. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Piper Sandler raised their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Finally, Loop Capital raised 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. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $141.28.

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.

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