BXM Wealth LLC Has $729,000 Holdings in Palantir Technologies Inc. $PLTR

BXM Wealth LLC cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 63.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,985 shares of the company’s stock after selling 8,693 shares during the period. BXM Wealth LLC’s holdings in Palantir Technologies were worth $729,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the period. State Street Corp lifted its holdings in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the period. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $5,149,641,000. Finally, Invesco Ltd. boosted its position in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 2.4%

NASDAQ PLTR opened at $115.67 on Tuesday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company has a 50 day moving average of $135.42 and a 200-day moving average of $149.76. The firm has a market cap of $277.30 billion, a price-to-earnings ratio of 129.97, a PEG ratio of 1.82 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, analysts forecast that Palantir Technologies Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLTR shares. DA Davidson dropped their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Tuesday, May 5th. Citigroup increased their target price on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Finally, Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.46.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of the business’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 $22,516,524.56. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 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 $2,674,818.48. Following the sale, the insider owned 199,759 shares in the company, valued at $27,175,214.36. The trade was a 8.96% decrease in their position. 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. In the last quarter, insiders have sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is owned by company insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir announced a strategic partnership with Nvidia to run AI and Nemotron models in secure government and critical-infrastructure environments, boosting its sovereign AI growth narrative. Palantir Launches Engine for Deploying NVIDIA Nemotron Open Models in Sovereign Environments
• Positive Sentiment: Reports that Japan could use Palantir’s Maven Smart System added another potential international government-use case for its AI software. Japan considers using Palantir’s Maven Smart System
• Positive Sentiment: Several articles highlighted that Palantir’s recent selloff may have made the stock more attractive, while buying from Ark Invest and upbeat analyst commentary provided extra support. Cathie Wood Is Backing the Truck Up on Palantir Stock. Is She Finally Right?

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.