Palantir Technologies Inc. $PLTR Stake Lowered by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,191 shares of the company’s stock after selling 9,168 shares during the period. Palantir Technologies accounts for 0.9% of HighPoint Advisor Group LLC’s investment portfolio, making the stock its 14th biggest holding. HighPoint Advisor Group LLC’s holdings in Palantir Technologies were worth $20,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Occidental Asset Management LLC grew its holdings in shares of Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares in the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc raised its holdings in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Palantir Technologies by 15.8% during the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company’s stock valued at $78,000 after purchasing an additional 58 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in shares of Palantir Technologies by 2.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock valued at $527,000 after purchasing an additional 59 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Citigroup upped their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Palantir Technologies Stock Down 0.7%

Shares of NASDAQ PLTR opened at $136.89 on Tuesday. The business’s 50 day moving average is $145.60 and its two-hundred day moving average is $160.97. The company has a market cap of $327.40 billion, a P/E ratio of 153.81, a P/E/G ratio of 2.19 and a beta of 1.52. Palantir Technologies Inc. has a 12 month low of $115.01 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 19,988 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the transaction, the insider owned 219,421 shares in the company, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,029,479 shares of company stock worth $137,685,797. Insiders own 9.53% of the company’s stock.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Phillip Securities raised its price target on Palantir to $202 and reiterated a Buy rating, citing explosive earnings momentum and strong AI traction. Article Title
• Positive Sentiment: Multiple bullish pieces say Palantir just delivered its fastest revenue growth as a public company, with guidance suggesting more upside ahead and long-term AI leadership across defense, healthcare, logistics, and industrial reshoring. Article Title Article Title
• Positive Sentiment: Dan Ives reiterated a constructive view, calling Palantir a “golden goose” and dismissing panic over the sell-off, while other coverage pointed to strong demand for the company’s software and supportive defense/geopolitical spending trends. Article Title Article Title
• Neutral Sentiment: Palantir continues to attract heavy investor attention, with several “why is everyone talking about PLTR” style articles reflecting heightened market interest rather than a specific new catalyst. Article Title
• Negative Sentiment: Valuation concerns remain a major drag, with one article warning investors not to ignore Palantir’s steep multiple and another noting the stock has been falling even while the business performs well. Article Title Article Title
• Negative Sentiment: Fresh scrutiny over NHS data access adds a regulatory and reputational overhang, with concerns about contractor access to patient information potentially pressuring sentiment. Article Title

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.