Palantir Technologies Inc. $PLTR Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,925,035 shares of the company’s stock after selling 7,412 shares during the period. Dimensional Fund Advisors LP’s holdings in Palantir Technologies were worth $573,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $29,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $31,000. Clayton Financial Group LLC grew its stake in shares of Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Palantir Technologies in the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PLTR shares. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a research report on Friday, May 22nd. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Friday, June 5th. Wedbush began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. Finally, Phillip Securities raised their price target on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $190.85.

Palantir Technologies Stock Performance

PLTR opened at $134.85 on Tuesday. The company has a market cap of $323.28 billion, a PE ratio of 151.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.56. The stock has a 50-day moving average of $132.16 and a 200-day moving average of $143.69. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share 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 period last year, the business earned $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 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 value of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing 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 David A. Glazer sold 17,128 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 $2,330,093.12. Following the sale, the insider directly owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This represents a 4.37% 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. Over the last 90 days, insiders have sold 1,112,270 shares of company stock valued at $150,247,785. 9.53% of the stock is owned by company insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Several articles argue Palantir’s long-term growth case remains intact, pointing to its expanding AI software footprint and the strength of its AIP platform. Palantir: The Stock Is Richly Valued With a Forward P/S Multiple of Over 40x, but Is the Growth Story Still Worth Buying Into?
• Positive Sentiment: Commentary from top investors and market watchers says Palantir’s business momentum and product expansion could support further gains despite the stock’s premium valuation. It’s Not Crazy, Says Top Investor About Palantir Stock
• Positive Sentiment: Another piece says Palantir keeps defying skeptics with a string of earnings beats and a raised outlook, reinforcing the idea that fundamentals are still improving. Predicition: Palantir Defies Doubters. Here’s Our New Price Target
• Neutral Sentiment: Palantir is also being widely searched and discussed, which shows elevated investor interest but does not by itself change the outlook.
• Neutral Sentiment: Several articles revisit the stock’s big run from its IPO and its recent pullback, keeping focus on valuation and volatility rather than any new company-specific catalyst.

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.