Apollon Wealth Management LLC Acquires 5,479 Shares of Palantir Technologies Inc. $PLTR

Apollon Wealth Management LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,714 shares of the company’s stock after purchasing an additional 5,479 shares during the quarter. Apollon Wealth Management LLC’s holdings in Palantir Technologies were worth $16,195,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Formidable Asset Management LLC lifted its position in Palantir Technologies by 32.8% in the 1st quarter. Formidable Asset Management LLC now owns 10,851 shares of the company’s stock valued at $1,587,000 after acquiring an additional 2,678 shares in the last quarter. LifeSteps Financial Inc. boosted its stake in Palantir Technologies by 4.9% in the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock worth $217,000 after purchasing an additional 69 shares during the period. Princeton Global Asset Management LLC increased its holdings in Palantir Technologies by 6.7% during the 1st quarter. Princeton Global Asset Management LLC now owns 12,001 shares of the company’s stock worth $1,756,000 after purchasing an additional 750 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Palantir Technologies by 107.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 77,968 shares of the company’s stock worth $11,405,000 after purchasing an additional 40,342 shares in the last quarter. Finally, Gunderson Capital Management LLC raised its stake in shares of Palantir Technologies by 61.8% in the 1st quarter. Gunderson Capital Management LLC now owns 65,808 shares of the company’s stock valued at $9,626,000 after purchasing an additional 25,142 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $112.93 on Monday. The company has a market cap of $270.73 billion, a price-to-earnings ratio of 126.89, a P/E/G ratio of 1.82 and a beta of 1.53. The firm has a 50-day moving average of $135.96 and a 200-day moving average of $150.22. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.16 earnings per share for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: ARK Invest reportedly bought about $3.3 million of Palantir shares, helping fuel “buy the dip” interest after the stock hit 52-week lows. Why Is Palantir Stock Surging On Friday?
• Positive Sentiment: Wedbush and other bullish commentators argued the recent tech selloff is a buying opportunity, saying investors still underestimate Palantir’s role in enterprise AI. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Positive Sentiment: New growth catalysts were highlighted from Palantir’s partnerships with Zeta Global and the U.S. Army, reinforcing demand for its software platform. Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
• Positive Sentiment: Several articles pointed out that PLTR has become one of the most oversold mega-cap tech names, suggesting the stock may be stretched too far to the downside. Palantir Becomes Most Oversold Mega-Cap Tech Stock
• Neutral Sentiment: Palantir’s recent rebound also came as software stocks outperformed semiconductors, reflecting a broader sector rotation rather than a company-specific breakthrough. The Market Rotation Is On. ServiceNow, Workday, and AppLovin Rise as Software Tops Chips.
• Negative Sentiment: Despite the bounce, Palantir is still under pressure from a broad AI/software selloff, concerns about rich valuation, and fear that expectations ran ahead of fundamentals. Why Palantir Stock Soared Today
• Negative Sentiment: Bearish coverage also continued, including a Seeking Alpha piece on “accelerating AI risks,” underscoring investor worries about competition and the sustainability of Palantir’s premium multiple. Palantir: Accelerating AI Risks

Analyst Ratings Changes

A number of analysts have recently commented on PLTR shares. DZ Bank started coverage on Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Wednesday, May 6th. DA Davidson dropped their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Finally, Oppenheimer started coverage on Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction 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 sale, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 927,270 shares of company stock worth $126,197,785. Insiders own 9.53% of the company’s stock.

Palantir Technologies 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.