Atalanta Sosnoff Capital LLC Has $26.57 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Atalanta Sosnoff Capital LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 149,453 shares of the company’s stock after selling 4,911 shares during the quarter. Atalanta Sosnoff Capital LLC’s holdings in Palantir Technologies were worth $26,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies during the second quarter valued at about $315,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 830 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the transaction, the insider directly owned 61,707 shares of the company’s stock, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of 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 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. Over the last 90 days, insiders sold 925,789 shares of company stock worth $126,007,032. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $127.99 on Friday. Palantir Technologies Inc. has a one year low of $122.68 and a one year high of $207.52. The company’s 50-day moving average is $139.54 and its 200 day moving average is $153.76. The company has a market capitalization of $306.83 billion, a price-to-earnings ratio of 143.81, a price-to-earnings-growth ratio of 2.08 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a research report on Friday, May 22nd. Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Citigroup lifted their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

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.