Norinchukin Bank The Purchases 46,362 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Norinchukin Bank has increased its holdings in Palantir Technologies by 49.9%, purchasing an additional 46,362 shares, bringing its total to 139,196 shares worth approximately $11.75 million.
• Several hedge funds have also adjusted their positions in Palantir Technologies, with hedge funds and institutional investors now owning 45.65% of the company's stock.
• Palantir Technologies reported $1 billion in quarterly revenue, exceeding expectations, with a year-over-year revenue increase of 48%.

Norinchukin Bank The increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 49.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,196 shares of the company's stock after buying an additional 46,362 shares during the period. Norinchukin Bank The's holdings in Palantir Technologies were worth $11,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PLTR. Allegiance Financial Group Advisory Services LLC raised its position in shares of Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares during the period. Sovran Advisors LLC increased its stake in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after purchasing an additional 94 shares in the last quarter. Lodestone Wealth Management LLC raised its holdings in Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after purchasing an additional 97 shares during the period. Continuum Advisory LLC boosted its position in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after purchasing an additional 98 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in Palantir Technologies by 0.5% in the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. 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 research report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. 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 research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $156.01 on Thursday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The firm has a 50 day simple moving average of $152.76 and a 200-day simple moving average of $120.89. The firm has a market cap of $370.11 billion, a price-to-earnings ratio of 520.05, a PEG ratio of 8.89 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the sale, the director owned 62,887 shares in the company, valued at approximately $8,779,654.07. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric H. Woersching sold 17,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the transaction, the director owned 12,562 shares in the company, valued at $1,624,140.98. This trade represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 529,684 shares of company stock worth $71,900,350. 9.23% of the stock is owned by corporate insiders.

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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