18,779 Shares in Palantir Technologies Inc. $PLTR Purchased by SG Trading Solutions LLC

SG Trading Solutions LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,779 shares of the company’s stock, valued at approximately $3,338,000. Palantir Technologies comprises about 0.8% of SG Trading Solutions LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Bare Financial Services Inc lifted its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $29,000. Morton Brown Family Wealth LLC increased 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 valued at $31,000 after acquiring an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $32,000. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Palantir Technologies Stock Down 1.7%

Shares of Palantir Technologies stock opened at $128.47 on Friday. The company has a market cap of $307.98 billion, a price-to-earnings ratio of 144.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.53. The company’s 50 day moving average is $138.18 and its 200 day moving average is $152.74. Palantir Technologies Inc. has a twelve month low of $122.68 and a twelve month high of $207.52.

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

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research report on Tuesday, May 5th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday. Finally, BTIG Research cut Palantir Technologies to a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Insider Activity

In other news, insider Ryan D. Taylor sold 19,662 shares of the firm’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 $2,674,818.48. Following the transaction, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $87,444,607.44. The trade was a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 927,270 shares of company stock worth $126,197,785. Insiders own 9.53% of the company’s stock.

About Palantir Technologies

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.