OMERS ADMINISTRATION Corp Sells 11,250 Shares of Palantir Technologies Inc. $PLTR

OMERS ADMINISTRATION Corp trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,783 shares of the company’s stock after selling 11,250 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Palantir Technologies were worth $10,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares during the period. Norges Bank bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $3,307,457,000. Northern Trust Corp grew its holdings in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock valued at $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $2,543,888,000. Finally, Invesco Ltd. boosted its position in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 39,136 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $92,500. This represents a 98.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $308,281.25. Following the completion of the sale, the insider owned 413,639 shares of the company’s stock, valued at $64,631,093.75. This represents a 0.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,146,892 shares of company stock worth $186,381,382. 9.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital increased their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. HSBC lifted their price objective on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. CICC Research raised their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, DA Davidson lifted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $168.44 on Monday. The firm has a 50 day simple moving average of $179.48 and a 200 day simple moving average of $160.03. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The firm has a market cap of $401.46 billion, a P/E ratio of 401.05, a P/E/G ratio of 6.53 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.