RFG Advisory LLC Has $5.10 Million Holdings in Palantir Technologies Inc. $PLTR

RFG Advisory LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,887 shares of the company’s stock after buying an additional 9,382 shares during the period. RFG Advisory LLC’s holdings in Palantir Technologies were worth $5,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp boosted its holdings in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after buying an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares during the period. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 5.5%

NASDAQ PLTR opened at $107.27 on Friday. The company has a fifty day simple moving average of $136.55 and a 200 day simple moving average of $150.70. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market cap of $257.16 billion, a P/E ratio of 120.53, a PEG ratio of 1.80 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating 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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $0.13 EPS. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Several articles highlighted that Wall Street analysts and bullish investors still see upside in Palantir, citing its rapid revenue growth, strong recent quarterly results, and expanding role in enterprise AI adoption. Article Title
• Positive Sentiment: Palantir’s new partnership with Zeta Global was described as validation for its AI platform and a sign that its technology is gaining traction in enterprise marketing infrastructure. Article Title
• Neutral Sentiment: Some coverage framed the recent selloff as a valuation reset after a huge prior run, arguing that while Palantir remains expensive, the pullback may be making the stock more attractive for long-term investors. Article Title
• Neutral Sentiment: Other pieces repeated the long-term growth case, noting Palantir’s strong revenue expansion and AI-driven positioning, but these bullish arguments have not been enough to stop the decline. Article Title
• Negative Sentiment: The main driver of the stock weakness appears to be concerns about Palantir’s stretched valuation, profit-taking in AI stocks, and a broader rotation away from software names toward AI hardware and chipmakers. Article Title
• Negative Sentiment: Bearish commentary from Michael Burry and repeated reports of Palantir hitting fresh 52-week lows have reinforced fears that the selloff could continue if sentiment stays weak. Article Title

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade 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 sold a total of 927,270 shares of company stock valued at $126,197,785 over the last quarter. 9.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research reports. Phillip Securities boosted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. DA Davidson cut their price objective on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, DZ Bank began coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.76.

Palantir Technologies Company 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.