New York Life Investment Management LLC Raises Stock Position in Palantir Technologies Inc. $PLTR

New York Life Investment Management LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,222 shares of the company’s stock after purchasing an additional 4,691 shares during the quarter. New York Life Investment Management LLC’s holdings in Palantir Technologies were worth $55,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $315,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PLTR shares. Loop Capital dropped their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Citigroup lifted their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research note on Thursday, January 22nd. Finally, Mizuho dropped their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,232 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the sale, the insider owned 43,108 shares in the company, valued at $5,564,380.64. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $133.73 on Friday. Palantir Technologies Inc. has a 52-week low of $118.93 and a 52-week high of $207.52. The firm has a market capitalization of $320.59 billion, a PE ratio of 150.26, a PEG ratio of 2.06 and a beta of 1.52. The stock has a fifty day simple moving average of $145.01 and a two-hundred day simple moving average of $159.97.

Palantir Technologies (NASDAQ:PLTR) last announced 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Analyst optimism remains a tailwind, with Freedom Broker reportedly raising its price target on Palantir to $230 and reiterating a Buy rating after the company’s strong Q1 results. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Multiple pieces argue the post-earnings selloff may be overdone, citing Palantir’s rapid revenue growth, expanding commercial adoption, and the view that the AI boom is still early in its cycle. Ignore the Post-Earnings Selloff in Palantir Stock: The AI Revolution Is Just in the ‘Third Inning’
• Positive Sentiment: Palantir’s defense and autonomy ecosystem is also in focus after partner Ondas reported explosive revenue growth and raised guidance, which helps validate Palantir’s presence in fast-growing defense-tech use cases. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Palantir also got a boost from news that its AI capabilities may be further leveraged in Ukraine’s war effort, reinforcing the company’s strategic relevance in defense and government contracts. Ukraine Will Leverage Palantir’s AI Capabilities In Its War With Russia. This Helps Prove PLTR Stock Will Never Be Irrelevant.
• Neutral Sentiment: Some headlines are highlighting heavier retail selling, insider selling, and valuation concerns, suggesting part of the market still sees PLTR as expensive after its big run. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks
• Neutral Sentiment: Other coverage notes that Google’s expanded DoD AI contract could increase competition for government AI spending, which may pressure sentiment around Palantir’s long-term growth runway. Why Palantir Suddenly Looks Vulnerable After Google’s Move (PLTR)

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.