Groupe la Francaise Has $4.25 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Groupe la Francaise lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 669.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,614 shares of the company’s stock after purchasing an additional 31,858 shares during the quarter. Groupe la Francaise’s holdings in Palantir Technologies were worth $4,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $31,000. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at $32,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter valued at $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 150,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the sale, the insider directly owned 599,899 shares of the company’s stock, valued at $77,986,870. This represents a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 721,508 shares of company stock valued at $117,070,093. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $174.33 on Tuesday. The firm has a 50 day moving average of $151.39 and a two-hundred day moving average of $143.92. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a market capitalization of $418.93 billion, a price-to-earnings ratio of 149.00, a P/E/G ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.16 EPS. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, research analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s shares surged about 51% in August after the company delivered better-than-expected earnings, revenue growth of nearly 93%, and an increased full-year outlook. Major customer wins and continued demand for its artificial-intelligence platforms reinforced the bullish narrative. Palantir Surged 51% in August
• Positive Sentiment: Analysts and bullish commentators continue to argue that Palantir can sustain its momentum as its software platforms expand across government and commercial customers. Its forward-deployed engineering model is also being studied by major technology companies, highlighting the potential strategic value of Palantir’s approach. Palantir Stock Could Make a Dramatic Move
• Neutral Sentiment: ARK Invest, led by Cathie Wood, sold roughly $25 million of Palantir shares while reallocating capital toward Rocket Lab, Robinhood, Block and other holdings. The sales may reflect portfolio management rather than a fundamental change in Palantir’s outlook, but they remove a notable source of buying support. Cathie Wood Dumps Palantir Shares
• Negative Sentiment: Michael Burry renewed his criticism that Palantir’s financial profile resembles a consultancy more than a high-margin software company. He pointed to accounts receivable of $1.49 billion, up from $1.04 billion at year-end, and significant exposure to a single customer’s receivables. The warning is particularly relevant given PLTR’s very elevated earnings multiple. Michael Burry’s Palantir Warning
• Negative Sentiment: Reports of insider selling and concerns about public distrust of Palantir’s work with sensitive government and health data add further potential overhangs. UK officials warned that mistrust could reduce NHS research participation, creating reputational and commercial risks. Palantir Shares Following Insider Selling

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PLTR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Tuesday, August 4th. Wedbush began coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating on the stock. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Finally, Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.19.

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.