4,369 Shares in Palantir Technologies Inc. $PLTR Acquired by IFS Group LLC

IFS Group LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 4,369 shares of the company’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $5,149,641,000. Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. State Street Corp boosted its position in Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Finally, Cardano Risk Management B.V. boosted its position in Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 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 $4,550,000.00. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $83,562,180. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This represents a 2.40% 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. In the last 90 days, insiders sold 1,112,270 shares of company stock valued at $150,247,785. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $123.00 on Thursday. 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 $294.87 billion, a price-to-earnings ratio of 138.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.56. The firm’s fifty day moving average price is $130.96 and its 200 day moving average price is $141.20.

Palantir Technologies (NASDAQ:PLTR) last posted 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. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. BTIG Research lowered Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. DZ Bank started coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Mizuho lowered their target price on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Phillip Securities raised their target price on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Finally, HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.88.

Key Stories Impacting Palantir Technologies

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

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.