Canvas Wealth Advisors LLC Has $17.74 Million Position in Palantir Technologies Inc. $PLTR

Canvas Wealth Advisors LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 121,288 shares of the company’s stock after buying an additional 4,755 shares during the period. Palantir Technologies makes up 3.0% of Canvas Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Canvas Wealth Advisors LLC’s holdings in Palantir Technologies were worth $17,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Walser Wealth Management Company A Ltd Liability Co increased its position in Palantir Technologies by 58.2% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 4,224 shares of the company’s stock valued at $618,000 after acquiring an additional 1,554 shares in the last quarter. Busey Bank lifted its position in shares of Palantir Technologies by 4.0% during the first quarter. Busey Bank now owns 4,235 shares of the company’s stock worth $619,000 after purchasing an additional 161 shares in the last quarter. PUREfi Wealth LLC lifted its position in shares of Palantir Technologies by 45.3% during the first quarter. PUREfi Wealth LLC now owns 1,901 shares of the company’s stock worth $278,000 after purchasing an additional 593 shares in the last quarter. Collaborative Fund Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $262,000. Finally, Abel Hall LLC grew its stake in shares of Palantir Technologies by 17.6% during the first quarter. Abel Hall LLC now owns 7,162 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $132.54 on Tuesday. The stock has a market cap of $317.74 billion, a price-to-earnings ratio of 148.92, a P/E/G ratio of 2.08 and a beta of 1.56. The company has a 50 day moving average of $133.44 and a 200-day moving average of $147.67. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share 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 analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $0.13 earnings per share. Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on PLTR shares. Benchmark lowered shares of Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research report on Tuesday, May 5th. BTIG Research cut Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $190.85.

More Palantir Technologies News

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

• Positive Sentiment: Palantir announced an expansion agreement with GNP Seguros, its first publicly announced commercial customer in Latin America, highlighting growth beyond government contracts. Article Title
• Positive Sentiment: D.A. Davidson upgraded Palantir to Buy, citing its growing advantage as an AI orchestration layer for enterprises. Article Title
• Neutral Sentiment: Analysts and media commentary continue debating whether Palantir’s recent selloff has made the stock more attractive, with valuation still a key concern. Article Title
• Neutral Sentiment: Some reports highlight ongoing insider selling and valuation worries, which could temper enthusiasm even as the AI growth story remains intact. Article Title
• Negative Sentiment: Recent articles also point to lingering pressure from the UK NHS contract renewal debate, which remains a headline risk for Palantir’s government business. Article Title

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is owned by company insiders.

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.