Palantir Technologies Inc. $PLTR Holdings Lifted by AGP Franklin LLC

AGP Franklin LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 35.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,570 shares of the company’s stock after purchasing an additional 20,651 shares during the period. Palantir Technologies accounts for about 5.8% of AGP Franklin LLC’s holdings, making the stock its 3rd largest holding. AGP Franklin LLC’s holdings in Palantir Technologies were worth $11,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Milestone Asset Management LLC boosted its position in shares of Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after buying an additional 42,173 shares during the last quarter. VCI Wealth Management LLC raised its position in Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after buying an additional 3,621 shares during the last quarter. Vanguard Group Inc. raised its position in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Palantir Technologies during the 4th quarter valued at about $222,143,000. Finally, Jefferson Bridge Capital LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $1,322,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir announced it secured a foundational role in the U.S. Army’s Next Generation Command and Control data layer, reinforcing its position in defense modernization and supporting its long-term government revenue story. Palantir Secures Foundational Role in NGC2 Data Layer
• Positive Sentiment: Several recent commentaries highlighted Palantir’s strong fundamentals, including rapid U.S. revenue growth and continued analyst optimism, suggesting some investors still see value after the pullback. Palantir’s 104% U.S. Revenue Growth is the One Number You Should Watch
• Neutral Sentiment: Some articles argued the stock may now be more fairly valued after its recent pullback, but others said the valuation still leaves little room for error given the premium multiple. Palantir Technologies (PLTR) Stock After Recent Pullback Is The Price Now Fair?
• Negative Sentiment: Palantir hit a new 52-week low as traders reduced exposure to expensive AI/software stocks, and several reports flagged the stock’s weakness relative to the broader market and peers. What Happened With Palantir Stock Today?
• Negative Sentiment: Reports that France’s domestic intelligence agency is replacing Palantir with a local rival and that Palantir lost a major international contract are weighing on sentiment around overseas government demand. French Domestic Intelligence Agency Replaces Palantir (PLTR) for Local Rival, Reuters Reports

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTR. Wedbush assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating for the company. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. DZ Bank initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Finally, BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.76.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the transaction, the director directly owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 927,270 shares of company stock worth $126,197,785 over the last three months. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 7.0%

NASDAQ PLTR opened at $119.50 on Tuesday. The company has a 50-day moving average price of $137.72 and a 200-day moving average price of $152.10. Palantir Technologies Inc. has a 52 week low of $119.20 and a 52 week high of $207.52. The firm has a market capitalization of $286.48 billion, a P/E ratio of 134.27, a PEG ratio of 2.04 and a beta of 1.53.

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

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.