Palantir Technologies Inc. $PLTR Shares Purchased by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,166 shares of the company’s stock after buying an additional 11,455 shares during the quarter. Palantir Technologies comprises 1.2% of Profund Advisors LLC’s portfolio, making the stock its 13th largest position. Profund Advisors LLC’s holdings in Palantir Technologies were worth $38,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC raised its stake in Palantir Technologies by 37.6% during the fourth quarter. ProShare Advisors LLC now owns 4,080,082 shares of the company’s stock valued at $725,235,000 after buying an additional 1,113,995 shares in the last quarter. HighTower Advisors LLC raised its stake in Palantir Technologies by 1.9% during the fourth quarter. HighTower Advisors LLC now owns 657,580 shares of the company’s stock valued at $116,885,000 after buying an additional 12,445 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Palantir Technologies by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 105,424 shares of the company’s stock valued at $18,739,000 after buying an additional 2,679 shares in the last quarter. Verde Capital Management raised its stake in Palantir Technologies by 15.9% during the fourth quarter. Verde Capital Management now owns 26,857 shares of the company’s stock valued at $4,774,000 after buying an additional 3,691 shares in the last quarter. Finally, Rockport Wealth LLC raised its stake in Palantir Technologies by 21.6% during the fourth quarter. Rockport Wealth LLC now owns 1,494 shares of the company’s stock valued at $266,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the sale, the insider owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,029,479 shares of company stock worth $137,685,797. Corporate insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. DA Davidson cut their price objective on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 6th. Finally, UBS Group upped their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: PLTR moved higher after strong earnings from Cisco and an improved revenue outlook boosted optimism across the software sector, helping lift Palantir alongside peers. Why Palantir Technologies (PLTR) Stock Is Up Today
• Positive Sentiment: Recent commentary continues to highlight Palantir’s powerful fundamentals, including 85% revenue growth, raised full-year guidance, and expanding demand for government AI solutions. Palantir Technologies Stock (PLTR) Opinions on Recent Earnings and Analyst Upgrades
• Positive Sentiment: Analyst commentary remains constructive, with several firms reiterating buy/outperform views and price targets well above the current share price, reinforcing the bull case for further upside. Palantir Technologies Stock (PLTR) Opinions on Recent Earnings and Analyst Upgrades

Palantir Technologies Trading Up 0.9%

Shares of Palantir Technologies stock opened at $135.14 on Tuesday. The business’s 50 day simple moving average is $144.27 and its 200-day simple moving average is $159.20. The stock has a market capitalization of $323.97 billion, a price-to-earnings ratio of 151.84, a PEG ratio of 2.13 and a beta of 1.52. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current 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.