Oddo BHF Asset Management Sas Acquires 59,457 Shares of Palantir Technologies Inc. $PLTR

Oddo BHF Asset Management Sas raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 104.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,489 shares of the company’s stock after buying an additional 59,457 shares during the period. Oddo BHF Asset Management Sas’ holdings in Palantir Technologies were worth $17,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Milestone Asset Management LLC boosted its position in shares of 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 acquiring an additional 42,173 shares during the last quarter. VCI Wealth Management LLC increased its holdings in Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,621 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Palantir Technologies in the 4th quarter valued at $222,143,000. Vanguard Group Inc. lifted its stake in Palantir Technologies by 0.7% in the 4th 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, Jefferson Bridge Capital LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,322,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir continues to attract bullish attention because first-quarter revenue rose 85% year over year to $1.63 billion, while management raised full-year revenue guidance to approximately $7.65 billion-$7.66 billion. Some coverage argues that accelerating U.S. commercial demand, larger artificial-intelligence contracts and government spending could support another guidance increase. Smart Money Shifts: Palantir Gains Hedge Fund Backing
• Positive Sentiment: Analyst support remains a potential catalyst: Oppenheimer reiterated an Outperform rating with a $200 price target, and Palantir has received an overall “Moderate Buy” consensus. Bullish technical commentary also points to a possible rebound if earnings trigger an upside breakout. Why Did Palantir Stock Sink?
• Neutral Sentiment: Investors are focused on the August 3 earnings release, which is expected to be a major near-term catalyst. Options markets anticipate a substantial move, reflecting uncertainty over whether Palantir can meet high growth expectations and sustain its premium valuation. Options Traders Expect a Large Swing in PLTR
• Negative Sentiment: Valuation and momentum concerns are weighing on the stock. Palantir trades at roughly 138 times earnings, remains below key moving averages, and technical indicators show weak or bearish momentum. Insider selling, options hedging and concerns about softer commercial sales are adding to investor caution. The Playbook for Palantir Ahead of Earnings
• Negative Sentiment: France’s reported move to replace Palantir with domestic provider ChapsVision in national-security and intelligence contracts raises concerns about European government growth and broader digital-sovereignty risks for U.S. technology vendors. Palantir Faces a French Exit

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $4,550,000.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $83,562,180. This represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director directly owned 55,022 shares in the company, valued at $8,803,520. This trade represents a 2.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,112,270 shares of company stock valued at $150,247,785 over the last quarter. 9.53% of the stock is owned by company insiders.

Palantir Technologies Stock Down 0.4%

PLTR opened at $123.00 on Thursday. The stock’s fifty day moving average is $130.96 and its two-hundred day moving average is $141.20. The company has a market capitalization of $294.87 billion, a P/E ratio of 138.20, a PEG ratio of 1.97 and a beta of 1.56. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) 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 the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PLTR shares. DZ Bank started coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.50 to $133.00 in a research report on Monday, June 29th. UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, Citigroup lowered their target price on shares of Palantir Technologies from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $189.88.

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.