Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 290,127 Palantir Technologies Inc. $PLTR

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, Holdings Channel reports. The fund bought 290,127 shares of the company’s stock, valued at approximately $42,440,000.

Other hedge funds also recently modified their holdings of the company. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Palantir Technologies by 8.7% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 2,046 shares of the company’s stock worth $299,000 after buying an additional 163 shares during the period. Evergreen Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $117,000. Rockport Wealth LLC boosted its stake in Palantir Technologies by 6.0% in the first quarter. Rockport Wealth LLC now owns 1,584 shares of the company’s stock valued at $232,000 after acquiring an additional 90 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Palantir Technologies by 2.4% in the first quarter. Wealthfront Advisers LLC now owns 564,361 shares of the company’s stock valued at $82,555,000 after acquiring an additional 13,420 shares during the last quarter. Finally, Sharpepoint LLC grew its holdings in Palantir Technologies by 10.1% during the 1st quarter. Sharpepoint LLC now owns 7,065 shares of the company’s stock worth $1,033,000 after acquiring an additional 650 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PLTR. Citigroup upped their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wedbush assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an “outperform” rating on the stock. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Benchmark downgraded Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Finally, BNP Paribas Exane started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.85.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction 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 David A. Glazer sold 17,128 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,112,270 shares of company stock worth $150,247,785 over the last three months. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Up 0.5%

Shares of Palantir Technologies stock opened at $134.44 on Friday. The stock’s fifty day simple moving average is $132.30 and its 200 day simple moving average is $144.38. The company has a market capitalization of $322.29 billion, a PE ratio of 151.06, a PEG ratio of 2.14 and a beta of 1.56. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 84.7% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: CEO Alex Karp said Palantir belongs with Nvidia, Micron, and SK Hynix as one of the key winners from surging AI infrastructure spending, reinforcing the bullish case for PLTR as an AI beneficiary. Alex Karp Grouped Palantir With These 3 Unstoppable Stocks as the Only True Artificial Intelligence (AI) Infrastructure Winners
• Positive Sentiment: Palantir’s latest partnership with Nvidia on sovereign AI is drawing attention and could deepen its position in enterprise and government AI deployments. Does Palantir’s Latest Partnership With Nvidia Make It a Screaming Buy?
• Positive Sentiment: Shares climbed after the company confirmed its Q2 earnings release date, keeping the upcoming catalyst in focus for traders. Palantir Stock Climbs After Confirming Q2 Earnings Release
• Neutral Sentiment: Analysts and technical traders are debating Palantir’s valuation and chart setup, with some commentary highlighting a sharp year-to-date pullback even as long-term AI demand remains intact. Palantir Stock Price Outlook: What Technical Analysis Says Right Now
• Neutral Sentiment: Coverage comparing Palantir with other AI stocks, including SoundHound, is keeping the stock in the broader AI-stock debate ahead of earnings, but does not appear to change fundamentals directly. Palantir vs. SoundHound: Which AI Stock Is the Better Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Additional commentary focused on Palantir’s premium valuation, suggesting investor enthusiasm is being balanced by concerns that the stock still trades at a rich multiple. The Best House On The Block Costs The Most: PLTR Stock
• Negative Sentiment: Some articles noted Palantir’s shares have fallen significantly this year, underscoring ongoing valuation pressure and investor caution despite the recent rebound. Palantir and Sandisk Stocks Are Down 35% and 25%, but Only One Is a Buy Now

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.