Good Life Advisors LLC Acquires 1,115 Shares of Palantir Technologies Inc. $PLTR

Good Life Advisors LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,917 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Good Life Advisors LLC’s holdings in Palantir Technologies were worth $3,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies during the second quarter valued at approximately $2,543,888,000. Nuveen LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at $520,232,000. Price T Rowe Associates Inc. MD increased its holdings in 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 worth $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% during 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 acquiring an additional 4,221,392 shares during the last quarter. Finally, Amundi raised its holdings in shares of Palantir Technologies by 56.1% during the first quarter. Amundi now owns 10,620,301 shares of the company’s stock valued at $887,857,000 after purchasing an additional 3,815,386 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the completion of the sale, the director directly owned 62,087 shares of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 2.4%

PLTR stock opened at $179.84 on Thursday. The company has a 50-day moving average price of $179.73 and a 200 day moving average price of $155.83. Palantir Technologies Inc. has a 12 month low of $58.53 and a 12 month high of $207.52. The stock has a market cap of $426.63 billion, a PE ratio of 433.19, a P/E/G ratio of 7.40 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.10 EPS. Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLTR. Bank of America raised their price target on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. 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. HSBC lifted their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Robert W. Baird lifted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $172.28.

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.