Palantir Technologies Inc. $PLTR Shares Sold by GFS Advisors LLC

GFS Advisors LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,340 shares of the company’s stock after selling 12,206 shares during the period. GFS Advisors LLC’s holdings in Palantir Technologies were worth $3,082,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Milestone Asset Management LLC lifted its stake in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after purchasing an additional 42,173 shares in the last quarter. VCI Wealth Management LLC lifted its stake in Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,621 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Palantir Technologies by 135.3% during the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock worth $98,659,000 after purchasing an additional 310,942 shares in the last quarter. Vanguard Group Inc. lifted its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Palantir Technologies during the fourth quarter worth $222,143,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PLTR shares. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. UBS Group upped their price target on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Friday, June 5th. Finally, Oppenheimer started coverage on Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir announced new AI-driven commercial partnerships, including a proprietary platform with Kirkland & Ellis to streamline private equity fundraising and a multi-year strategic AI partnership with McCarthy Building Companies. These deals reinforce Palantir’s push to expand AIP adoption beyond government customers. Article Title Article Title
• Positive Sentiment: Analysts and bulls continue to argue that Palantir’s AI “operating layer” is creating durable enterprise value, and Wedbush reiterated a bullish $230 price target after the company’s AI event. Article Title Article Title
• Neutral Sentiment: Palantir shareholders backed management at the annual meeting and rejected ESG proposals, which removes a governance distraction but is unlikely to materially change the near-term investment case. Article Title
• Negative Sentiment: Recent coverage emphasizes that PLTR is still trading at a very rich multiple, and some commentators say the stock is falling because investors are questioning whether growth can justify the valuation after a big year-to-date pullback. Article Title Article Title
• Negative Sentiment: There is also fresh macro and political overhang from the U.K. reviewing Palantir’s NHS contract amid pressure to use a break clause, plus renewed concerns about potential government control or nationalization risk in AI. These headlines could weigh on sentiment, especially for a company with meaningful public-sector exposure. Article Title Article Title

Palantir Technologies Trading Down 3.2%

Shares of NASDAQ PLTR opened at $132.07 on Wednesday. The stock has a market cap of $316.61 billion, a P/E ratio of 148.39, a PEG ratio of 2.17 and a beta of 1.53. Palantir Technologies Inc. has a 12-month low of $122.68 and a 12-month high of $207.52. The business’s fifty day simple moving average is $140.36 and its 200-day simple moving average is $154.29.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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. 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 company’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 830 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $137.41, for a total value of $114,050.30. Following the sale, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the sale, the director owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was 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. In the last 90 days, insiders sold 925,789 shares of company stock valued at $126,007,032. 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.