Ieq Capital LLC Has $99.13 Million Stake in Palantir Technologies Inc. $PLTR

Ieq Capital LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,693 shares of the company’s stock after buying an additional 82,869 shares during the quarter. Ieq Capital LLC’s holdings in Palantir Technologies were worth $99,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bare Financial Services Inc raised its position in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC raised its position in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth about $32,000. Finally, Clayton Financial Group LLC raised its position in shares of Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLTR shares. DZ Bank started coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target on the stock. Oppenheimer started coverage on Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target on the stock. Benchmark started coverage on Palantir Technologies in a research report on Wednesday, April 1st. They set a “hold” rating on the stock. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Weiss Ratings lowered Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.76.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the sale, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 925,789 shares of company stock worth $126,007,032 in the last three months. 9.53% of the stock is owned by company insiders.

Palantir Technologies Trading Down 2.4%

Shares of NASDAQ PLTR opened at $127.99 on Friday. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52. The stock has a 50 day moving average of $139.54 and a 200-day moving average of $153.76. The company has a market capitalization of $306.83 billion, a P/E ratio of 143.81, a P/E/G ratio of 2.08 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Palantir Technologies Company 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.