71 West Capital Partners Takes Position in Palantir Technologies Inc. $PLTR

71 West Capital Partners acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 32,963 shares of the company’s stock, valued at approximately $5,859,000.

Other institutional investors have also modified their holdings of the company. Milestone Asset Management LLC lifted its holdings in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after buying an additional 42,173 shares during the period. VCI Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $222,143,000. Finally, Jefferson Bridge Capital LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $1,322,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 5.3%

Shares of Palantir Technologies stock opened at $134.71 on Tuesday. The stock has a 50-day moving average price of $139.26 and a 200 day moving average price of $153.49. The company has a market cap of $322.94 billion, a P/E ratio of 151.36, a P/E/G ratio of 2.03 and a beta of 1.53. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52.

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, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion during 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 for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, 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. 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. In the last 90 days, insiders sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Investors are bidding up Palantir on continued enthusiasm for AI software demand, with articles highlighting the company’s strong growth story and its positioning in AI security and analytics. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Coverage also notes that Palantir remains debt-free and is still producing solid financial results, which supports the bullish case that the company has the balance-sheet strength to keep investing in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday trading commentary says Palantir rose as investors piled into AI and cybersecurity-related names during a broad risk-on rally, suggesting sector momentum is helping the stock. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several pieces simply note that Palantir is drawing heavy investor attention and searching interest, which reflects strong market focus but does not by itself change the fundamentals. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One article frames Palantir as trading near its 52-week low and asks whether it is a buy, reinforcing that sentiment is still split even after strong long-term AI enthusiasm. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Analysts and commentary also point to ongoing pressure from profit-taking and the stock’s weak year-to-date performance, suggesting some investors remain cautious after a big run-up and subsequent pullback. Palantir Wows Retail Traders With Q1 Revenue Beat And Guidance Hike, But Stock Drops Amid Profit-Taking
• Negative Sentiment: A separate report highlights a Swiss court defeat and broader European data-sovereignty and contract risks, which could weigh on sentiment around Palantir’s international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Benchmark started coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.76.

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.