Aaron Wealth Advisors LLC Reduces Stock Position in Palantir Technologies Inc. $PLTR

Aaron Wealth Advisors LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,296 shares of the company’s stock after selling 8,282 shares during the period. Aaron Wealth Advisors LLC’s holdings in Palantir Technologies were worth $3,700,000 at the end of the most recent reporting period.

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

Palantir Technologies Stock Down 5.5%

PLTR stock opened at $107.27 on Friday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The stock has a market capitalization of $257.16 billion, a price-to-earnings ratio of 120.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.53. The firm’s fifty day simple moving average is $136.55 and its two-hundred day simple moving average is $150.70.

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

Palantir Technologies News Roundup

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at approximately $8,803,520. This represents a 2.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 927,270 shares of company stock valued at $126,197,785 over the last quarter. Corporate insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLTR shares. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Friday, June 5th. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They issued an “underperform” rating on the stock. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Benchmark lowered shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Finally, Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Two equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.76.

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.