Victory Capital Management Inc. Purchases 13,032 Shares of Palantir Technologies Inc. $PLTR

Victory Capital Management Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,083,531 shares of the company’s stock after buying an additional 13,032 shares during the quarter. Victory Capital Management Inc.’s holdings in Palantir Technologies were worth $370,348,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PLTR. Bare Financial Services Inc boosted its stake in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $32,000. Morton Brown Family Wealth LLC boosted its stake in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Finally, Clayton Financial Group LLC boosted its stake in shares of Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLTR shares. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Phillip Securities raised their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Friday, June 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.76.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 830 shares of Palantir Technologies stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total transaction of $114,050.30. Following the sale, the insider directly owned 61,707 shares in the company, valued at $8,479,158.87. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 925,789 shares of company stock worth $126,007,032 over the last quarter. Insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $127.99 on Friday. The firm’s 50 day simple moving average is $139.54 and its 200 day simple moving average is $153.76. Palantir Technologies Inc. has a one year low of $122.68 and a one year high of $207.52. The company has a market cap of $306.83 billion, a PE ratio of 143.81, a P/E/G ratio of 2.08 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted 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 net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. Equities research analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

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

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.