Global X Japan Co. Ltd. Invests $31.50 Million in Palantir Technologies Inc. $PLTR

Key Points

• Global X Japan Co. Ltd. has invested approximately $31.50 million in Palantir Technologies, acquiring 231,079 shares which represent 3.2% of its investment portfolio.
• A number of institutional investors have increased their stakes in Palantir, including Price T Rowe Associates and Goldman Sachs, reflecting growing confidence in the company.
• Palantir's recent earnings report showed a 48% increase in revenue year-over-year, with earnings per share coming in at $0.16, surpassing analyst estimates.

Global X Japan Co. Ltd. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 231,079 shares of the company's stock, valued at approximately $31,501,000. Palantir Technologies makes up about 3.2% of Global X Japan Co. Ltd.'s holdings, making the stock its 11th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC grew its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $11,655,000. Two Sigma Investments LP grew its holdings in shares of Palantir Technologies by 132.4% in the fourth quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock valued at $4,166,000 after purchasing an additional 31,383 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $9,634,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $5.42 on Friday, hitting $182.39. 108,970,930 shares of the company's stock were exchanged, compared to its average volume of 60,474,068. Palantir Technologies Inc. has a 12 month low of $35.71 and a 12 month high of $190.00. The stock has a market capitalization of $432.69 billion, a price-to-earnings ratio of 607.99, a price-to-earnings-growth ratio of 10.28 and a beta of 2.59. The business's 50 day simple moving average is $163.32 and its two-hundred day simple moving average is $130.19.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $939.29 million. During the same period last year, the company earned $0.09 earnings per share. The business's revenue for the quarter 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. Equities analysts forecast 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 David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,625,634 shares of company stock worth $248,926,404 over the last quarter. Corporate insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $138.28.

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.