Cache Advisors LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Cache Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 15.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 69,078 shares of the company’s stock after purchasing an additional 9,124 shares during the quarter. Palantir Technologies comprises about 1.2% of Cache Advisors LLC’s holdings, making the stock its 13th biggest holding. Cache Advisors LLC’s holdings in Palantir Technologies were worth $10,105,000 at the end of the most recent reporting period.

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 bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $29,000. Morton Brown Family Wealth LLC raised its holdings in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $31,000. Finally, United Financial Planning Group LLC bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $32,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir announced a strategic partnership with Zeta Global to build a unified data and AI infrastructure for enterprise marketing, which analysts say further validates enterprise AI adoption and could create a meaningful long-term commercial opportunity. Palantir partners with Zeta Global on AI-powered marketing infrastructure, Wedbush sees further enterprise validation
• Positive Sentiment: Recent commentary continues to highlight Palantir’s strong growth, profitability, and expanding role in government and commercial AI workloads, reinforcing the long-term bull case. Is This the Best Tech Stock to Buy Before the End of the Year?
• Positive Sentiment: The company also secured a foundational role in the U.S. Army’s Next Generation Command and Control data layer, supporting its defense revenue story. Palantir Secures Foundational Role in NGC2 Data Layer

Palantir Technologies Trading Down 2.3%

NASDAQ:PLTR opened at $116.70 on Wednesday. The company has a market cap of $279.77 billion, a PE ratio of 131.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.53. The company has a 50 day simple moving average of $137.49 and a two-hundred day simple moving average of $151.68. Palantir Technologies Inc. has a 12 month low of $116.18 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 84.7% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer began coverage on Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price on the stock. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a research report on Friday, May 22nd. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This represents a 5.82% 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 have sold 927,270 shares of company stock valued at $126,197,785 in the last 90 days. Insiders own 9.53% of the company’s stock.

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.