Alberta Investment Management Corp Takes $382,000 Position in Palantir Technologies Inc. $PLTR

Alberta Investment Management Corp bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,800 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the first quarter valued at approximately $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.6%

Shares of NASDAQ:PLTR opened at $171.25 on Tuesday. Palantir Technologies Inc. has a 12-month low of $58.85 and a 12-month high of $207.52. The business has a 50 day moving average of $180.78 and a 200-day moving average of $157.29. The stock has a market cap of $408.16 billion, a PE ratio of 407.75, a P/E/G ratio of 6.75 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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 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 document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the 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 owned 702,786 shares in the company, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, November 5th. UBS Group increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Loop Capital raised their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $172.28.

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.