Palantir Technologies Inc. $PLTR Holdings Decreased by Allen Operations LLC

Allen Operations LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,000 shares of the company’s stock after selling 75,000 shares during the quarter. Palantir Technologies accounts for approximately 25.0% of Allen Operations LLC’s holdings, making the stock its biggest position. Allen Operations LLC’s holdings in Palantir Technologies were worth $199,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Allen Investment Management LLC grew its stake in Palantir Technologies by 5.9% in the fourth quarter. Allen Investment Management LLC now owns 99,720 shares of the company’s stock valued at $17,727,000 after purchasing an additional 5,550 shares in the last quarter. Root Financial Partners LLC grew its stake in Palantir Technologies by 237.7% in the fourth quarter. Root Financial Partners LLC now owns 22,563 shares of the company’s stock valued at $4,011,000 after purchasing an additional 15,881 shares in the last quarter. Old Peak Finance LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $1,475,000. One Capital Management LLC grew its stake in Palantir Technologies by 5.6% in the fourth quarter. One Capital Management LLC now owns 3,927 shares of the company’s stock valued at $698,000 after purchasing an additional 210 shares in the last quarter. Finally, BNP Paribas grew its stake in Palantir Technologies by 24.4% in the fourth quarter. BNP Paribas now owns 60,357 shares of the company’s stock valued at $11,436,000 after purchasing an additional 11,845 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir shares surged as a software sector rally lifted the stock to its best intraday performance in 13 months, with the move helping it finish the week with a double-digit gain. Palantir Rally Renews This ETF’s Shine
• Positive Sentiment: Traders are watching for a breakout after a period of consolidation, suggesting momentum investors see room for further upside if the stock clears resistance. Palantir Seen Ready for Next Move Higher
• Positive Sentiment: Coverage highlighting Palantir as one of the best AI stocks to buy, plus bullish commentary from Zacks and other outlets, is reinforcing the view that the company remains a top AI beneficiary. Palantir Technologies (PLTR): One of the Best Stocks to Buy Right Now According to AI
• Positive Sentiment: Multiple reports point to tailwinds from Dell-related AI infrastructure momentum and stronger sentiment across tech stocks, which are helping PLTR trade higher. Why Is Palantir Technologies Stock Trending Higher On Monday?
• Neutral Sentiment: Some commentary argues that a lot of Palantir’s expected growth is already priced in, even though the business is still growing quickly. Is Palantir Still a Millionaire-Maker Stock?
• Negative Sentiment: Bearish opinion pieces warned that Palantir could have room to decline by the end of 2027, reflecting valuation concerns after its big run. Prediction: This Will Be Palantir’s Stock Price by the End of 2027

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $160.65 on Tuesday. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The stock has a market capitalization of $385.13 billion, a PE ratio of 180.51, a P/E/G ratio of 2.48 and a beta of 1.53. The stock has a 50-day simple moving average of $141.80 and a 200 day simple moving average of $155.65.

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. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLTR. Benchmark assumed coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating on the stock. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Tuesday, February 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set 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 issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 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 this hyperlink. 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 the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 922,524 shares of company stock worth $125,501,302 in the last ninety days. 9.53% of the stock is owned by insiders.

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.