Nissay Asset Management Corp Japan ADV Has $45.21 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Palantir Technologies by 13.8%, now owning 535,696 shares valued at approximately $45.21 million.
• A number of analysts have recently revised their price targets for Palantir, with estimates ranging from $45.00 to $200.00, and a consensus rating of "Hold".
• Palantir reported $1 billion in revenue for the last quarter, demonstrating a year-over-year increase of 48% and beating analysts' expectations.

Nissay Asset Management Corp Japan ADV boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 535,696 shares of the company's stock after buying an additional 64,767 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Palantir Technologies were worth $45,213,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after buying an additional 6,479 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in Palantir Technologies in the 1st quarter valued at approximately $45,000. Menard Financial Group LLC raised its position in Palantir Technologies by 8.2% in the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company's stock valued at $2,189,000 after buying an additional 1,964 shares during the last quarter. TCW Group Inc. increased its position in shares of Palantir Technologies by 14.5% during the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company's stock worth $2,703,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in shares of Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after purchasing an additional 6,405 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price objective on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $155.00 price objective on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $156.14 on Friday. The stock's fifty day moving average price is $156.55 and its two-hundred day moving average price is $124.44. Palantir Technologies Inc. has a one year low of $29.50 and a one year high of $190.00. The firm has a market cap of $370.42 billion, a price-to-earnings ratio of 520.48, a P/E/G ratio of 8.73 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the firm posted $0.09 EPS. The company's revenue for the quarter 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. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction on 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 completion of the sale, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This represents a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,990,586 shares of company stock worth $295,423,583. 9.23% of the stock is currently owned by company insiders.

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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