Meiji Yasuda Life Insurance Co Increases Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Meiji Yasuda Life Insurance Co has increased its stock holdings in Palantir Technologies Inc. by 77.4% in the first quarter, buying an additional 10,623 shares for a total worth of $2,055,000.
• A variety of hedge funds and institutional investors have also made moves regarding their positions in Palantir, with several newcomers purchasing shares during the same timeframe.
• Equities analysts have mixed ratings on Palantir, with four rating it as a "Buy," sixteen as a "Hold," and two as a "Sell," while the average target price is currently set at $136.61.

Meiji Yasuda Life Insurance Co increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 77.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,343 shares of the company's stock after purchasing an additional 10,623 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Palantir Technologies were worth $2,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Mechanics Financial Corp purchased a new position in Palantir Technologies during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC raised its stake in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PLTR shares. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Loop Capital upped their price objective on 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 price objective on 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, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Trading Down 1.9%

Shares of NASDAQ:PLTR opened at $153.11 on Monday. The company has a 50 day moving average of $157.00 and a 200-day moving average of $124.86. The firm has a market cap of $363.23 billion, a P/E ratio of 510.38, a P/E/G ratio of 8.63 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $29.50 and a twelve month high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies'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 research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,973,586 shares of company stock worth $293,225,653. Insiders own 12.93% of the company's stock.

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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