Motiv8 Investments LLC Invests $1.41 Million in Palantir Technologies Inc. $PLTR

Motiv8 Investments LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, HoldingsChannel reports. The firm acquired 7,925 shares of the company’s stock, valued at approximately $1,409,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fieldview Capital Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $3,150,000. Financial Gravity Asset Management Inc. raised its stake in Palantir Technologies by 5.9% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 2,188 shares of the company’s stock valued at $389,000 after acquiring an additional 121 shares during the period. Glen Eagle Advisors LLC raised its stake in Palantir Technologies by 16.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 4,761 shares of the company’s stock valued at $846,000 after acquiring an additional 687 shares during the period. KCM Investment Advisors LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $209,000. Finally, Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $31,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLTR shares. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Benchmark started coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating on the stock. Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. 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. Finally, DA Davidson dropped their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Activity

In other news, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares in the company, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was 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. Over the last ninety days, insiders have sold 925,789 shares of company stock worth $126,007,032. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $127.99 on Monday. The stock has a market capitalization of $306.83 billion, a price-to-earnings ratio of 143.81, a PEG ratio of 2.03 and a beta of 1.53. The business’s fifty day moving average price is $139.54 and its two-hundred day moving average price is $153.70. Palantir Technologies Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $207.52.

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

Trending Headlines about Palantir Technologies

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

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.