Verde Capital Management Has $5.04 Million Stake in Palantir Technologies Inc. $PLTR

Verde Capital Management increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,419 shares of the company’s stock after purchasing an additional 7,562 shares during the period. Palantir Technologies makes up 1.1% of Verde Capital Management’s holdings, making the stock its 17th largest position. Verde Capital Management’s holdings in Palantir Technologies were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc boosted its position in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the fourth quarter worth $29,000. Morton Brown Family Wealth LLC boosted its holdings in 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 last quarter. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the fourth quarter valued at $31,000. Finally, United Financial Planning Group LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the transaction, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 927,270 shares of company stock valued at $126,197,785. 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: Palantir announced it secured a foundational role in the U.S. Army’s Next Generation Command and Control data layer, reinforcing its position in defense modernization and supporting its long-term government revenue story. Palantir Secures Foundational Role in NGC2 Data Layer
• Positive Sentiment: Several recent commentaries highlighted Palantir’s strong fundamentals, including rapid U.S. revenue growth and continued analyst optimism, suggesting some investors still see value after the pullback. Palantir’s 104% U.S. Revenue Growth is the One Number You Should Watch
• Neutral Sentiment: Some articles argued the stock may now be more fairly valued after its recent pullback, but others said the valuation still leaves little room for error given the premium multiple. Palantir Technologies (PLTR) Stock After Recent Pullback Is The Price Now Fair?
• Negative Sentiment: Palantir hit a new 52-week low as traders reduced exposure to expensive AI/software stocks, and several reports flagged the stock’s weakness relative to the broader market and peers. What Happened With Palantir Stock Today?
• Negative Sentiment: Reports that France’s domestic intelligence agency is replacing Palantir with a local rival and that Palantir lost a major international contract are weighing on sentiment around overseas government demand. French Domestic Intelligence Agency Replaces Palantir (PLTR) for Local Rival, Reuters Reports

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. DA Davidson reduced their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Mizuho lowered their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Finally, Oppenheimer started coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Trading Down 7.0%

PLTR stock opened at $119.50 on Tuesday. The firm has a market capitalization of $286.48 billion, a PE ratio of 134.27, a PEG ratio of 2.04 and a beta of 1.53. Palantir Technologies Inc. has a 1-year low of $119.20 and a 1-year high of $207.52. The business’s 50 day simple moving average is $137.72 and its 200 day simple moving average is $152.10.

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

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.