Evolve Private Wealth LLC Takes Position in Palantir Technologies Inc. $PLTR

Evolve Private Wealth LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, Holdings Channel reports. The fund acquired 20,601 shares of the company’s stock, valued at approximately $3,662,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Manhattan CO. LLC. raised its position in shares of Palantir Technologies by 9.4% during the 4th quarter. First Manhattan CO. LLC. now owns 3,842 shares of the company’s stock valued at $683,000 after purchasing an additional 329 shares during the period. Capital Impact Advisors LLC raised its position in shares of Palantir Technologies by 116.5% during the 4th quarter. Capital Impact Advisors LLC now owns 203,519 shares of the company’s stock valued at $36,176,000 after purchasing an additional 109,497 shares during the period. Capitolis Liquid Global Markets LLC raised its position in shares of Palantir Technologies by 494.4% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 890,229 shares of the company’s stock valued at $158,238,000 after purchasing an additional 740,460 shares during the period. Cinctive Capital Management LP bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $240,000. Finally, Claro Advisors Inc. raised its position in shares of Palantir Technologies by 28.6% during the 4th quarter. Claro Advisors Inc. now owns 9,121 shares of the company’s stock valued at $1,621,000 after purchasing an additional 2,028 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday. Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a report on Tuesday. Mizuho reduced their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Finally, Wedbush initiated coverage on shares of Palantir Technologies in a report on Tuesday. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Stock Down 2.0%

Palantir Technologies stock opened at $130.63 on Thursday. Palantir Technologies Inc. has a twelve month low of $122.68 and a twelve month high of $207.52. The company’s 50-day moving average price is $138.61 and its 200-day moving average price is $153.02. The company has a market cap of $313.16 billion, a PE ratio of 146.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.53.

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

Insider Activity

In related news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction 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 represents a 8.96% 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 927,270 shares of company stock worth $126,197,785 in the last 90 days. Company insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir, calling its AI platform best-in-class and saying the stock is “too big to ignore,” which supports the bullish case for continued enterprise AI demand. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’
• Positive Sentiment: Another analyst note and follow-up coverage highlighted Palantir’s strong growth, improving margins, and continued leadership in AI software, reinforcing expectations that revenue momentum can remain above peers. Cognyte vs Palantir: Which AI Intelligence Stock Is the Better Buy?
• Neutral Sentiment: Multiple recent articles frame Palantir as a high-growth AI winner but also emphasize that the stock is expensive, suggesting investors remain split between growth enthusiasm and valuation discipline. Palantir: The Stock Is Expensive, But The Growth Is Not Normal
• Neutral Sentiment: Coverage also notes Palantir’s AI partnerships and customer deployments, which support the long-term narrative, but governance-related headlines from AIPCon and shareholder proposals keep some uncertainty in the background. Will New AI Partnerships And Governance Votes At AIPCon 10 Change Palantir Technologies’ Narrative
• Negative Sentiment: Michael Burry renewed criticism of Palantir, arguing Ukraine is developing its own battlefield software and replacing Palantir in some use cases, which raises questions about competitive durability in government/defense work. Michael Burry Is Using Ukraine’s Own Words Against Palantir
• Negative Sentiment: European headlines are also weighing on sentiment, including France ending work with Palantir’s intelligence agency and a Swiss legal loss tied to government-contract scrutiny and data sovereignty. French domestic spy agency ditches Palantir for local rival, PM says
• Negative Sentiment: Insider selling and valuation concerns are adding to caution, as investors worry the stock’s premium pricing leaves little room for disappointment after a strong AI-driven run. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) 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.