Mirae Asset Global Investments Co. Ltd. Increases Position in Palantir Technologies Inc. $PLTR

Mirae Asset Global Investments Co. Ltd. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 948,476 shares of the company's stock after purchasing an additional 154,773 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Palantir Technologies were worth $129,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PLTR. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $2,543,888,000. Nuveen LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $520,232,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Palantir Technologies by 55.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after buying an additional 4,748,513 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 boosted its holdings 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. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $187.05 on Friday. Palantir Technologies Inc. has a one year low of $37.37 and a one year high of $190.00. The stock has a market capitalization of $443.75 billion, a PE ratio of 623.52, a price-to-earnings-growth ratio of 10.32 and a beta of 2.60. The company has a fifty day moving average of $168.62 and a 200-day moving average of $136.02.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the business earned $0.09 EPS. The business's revenue was up 48.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider owned 50,961 shares of the company's stock, valued at $8,000,877. This trade represents a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,591,085 shares of company stock worth $244,676,722. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLTR shares. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. UBS Group restated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald upped 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 equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus 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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