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

Good Life Advisors LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.1% during the second quarter, HoldingsChannel reports. The fund owned 22,917 shares of the company’s stock after acquiring an additional 1,115 shares during the quarter. Good Life Advisors LLC’s holdings in Palantir Technologies were worth $3,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its holdings in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC purchased a new stake in Palantir Technologies during the second quarter worth about $204,000. New Century Financial Group LLC acquired a new position in shares of Palantir Technologies in the second quarter worth $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after buying an additional 1,135,841 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $179.84 on Thursday. The stock has a market capitalization of $426.63 billion, a price-to-earnings ratio of 433.19, a PEG ratio of 7.40 and a beta of 2.63. Palantir Technologies Inc. has a 52 week low of $58.53 and a 52 week high of $207.52. The stock’s 50 day moving average price is $179.73 and its two-hundred day moving average price is $155.83.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Piper Sandler raised their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. HSBC lifted their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley raised their price objective on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $172.28.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, the insider owned 50,961 shares in the company, valued at approximately $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,527,750 shares of company stock valued at $234,463,896 in the last 90 days. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.