Apella Capital LLC Acquires 7,503 Shares of Palantir Technologies Inc. $PLTR

Apella Capital LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 109.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,369 shares of the company’s stock after acquiring an additional 7,503 shares during the quarter. Apella Capital LLC’s holdings in Palantir Technologies were worth $2,104,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PLTR. Thoma Capital Management LLC lifted its holdings in shares of Palantir Technologies by 6.7% during the first quarter. Thoma Capital Management LLC now owns 5,378 shares of the company’s stock worth $787,000 after purchasing an additional 336 shares during the period. Brandywine Oak Private Wealth LLC increased its holdings in Palantir Technologies by 38.5% in the first quarter. Brandywine Oak Private Wealth LLC now owns 2,819 shares of the company’s stock valued at $412,000 after purchasing an additional 783 shares during the period. Centennial Wealth Advisory LLC increased its position in Palantir Technologies by 33.2% during the 1st quarter. Centennial Wealth Advisory LLC now owns 4,099 shares of the company’s stock valued at $600,000 after purchasing an additional 1,021 shares during the period. Keudell Morrison Wealth Management raised its stake in Palantir Technologies by 3.0% during the first quarter. Keudell Morrison Wealth Management now owns 6,065 shares of the company’s stock worth $887,000 after buying an additional 176 shares during the last quarter. Finally, Weaver Capital Management LLC raised its position in shares of Palantir Technologies by 7.0% in the 1st quarter. Weaver Capital Management LLC now owns 19,656 shares of the company’s stock worth $2,875,000 after acquiring an additional 1,283 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. 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. Over the last ninety days, insiders sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Benchmark downgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Wolfe Research raised Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Finally, Wedbush initiated coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. 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 given a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $107.27 on Friday. The company has a 50-day moving average price of $136.55 and a 200-day moving average price of $150.70. The stock has a market capitalization of $257.16 billion, a P/E ratio of 120.53, a P/E/G ratio of 1.80 and a beta of 1.53. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly 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 business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal 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.