Erste Asset Management GmbH Boosts Position in Palantir Technologies Inc. $PLTR

Erste Asset Management GmbH increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 144.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,278 shares of the company’s stock after buying an additional 23,212 shares during the period. Erste Asset Management GmbH’s holdings in Palantir Technologies were worth $7,234,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bare Financial Services Inc increased its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the period. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the 4th quarter worth about $29,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. United Financial Planning Group LLC bought a new position in Palantir Technologies during the 3rd quarter worth about $32,000. Finally, Clayton Financial Group LLC grew its holdings in Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Wedbush reiterated an aggressive $230 price target on Palantir after the company’s AI event, reinforcing the bullish case that enterprise AI demand is still accelerating. Wedbush Delivers Powerful Message for Palantir Stock Fans After AI Event
• Positive Sentiment: Analysts and market commenters highlighted Palantir as a beneficiary of the shift from AI chips to AI software, suggesting rising adoption could support future revenue growth. Beyond AI Chip Rally: 4 Software Stocks to Buy Now as the Hype Shifts
• Positive Sentiment: Palantir’s multiyear partnership with Google Cloud and integration with Gemini tools continues to validate its enterprise AI platform and expands its distribution channels. Palantir And Google Cloud Tie Up As Enterprise AI Bets Grow
• Neutral Sentiment: Several articles framed PLTR as a top growth stock in a higher-for-longer interest-rate environment, which may keep investor attention on its strong revenue momentum but does not change the valuation debate. 2 Growth Stocks to Buy Now as Strong Jobs Data Delays Fed Rate Cuts
• Neutral Sentiment: Palantir CEO Alex Karp’s comments about AI nationalization risks may add policy uncertainty, but the remarks were more cautionary than company-specific. Palantir CEO Alex Karp Says He’s Been Warning AI Leaders For Months About Nationalization Risks
• Negative Sentiment: Despite the rebound, traders are still focused on Palantir’s elevated valuation and recent stock weakness, which could limit upside if momentum fades. Is Palantir Technologies Inc. (PLTR) A Good Stock To Buy Now?

Palantir Technologies Stock Up 0.7%

Shares of Palantir Technologies stock opened at $136.47 on Tuesday. The firm’s 50 day moving average price is $140.58 and its 200-day moving average price is $154.52. Palantir Technologies Inc. has a 52-week low of $122.68 and a 52-week high of $207.52. The company has a market cap of $327.16 billion, a P/E ratio of 153.34, a PEG ratio of 2.15 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies 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 $22,516,524.56. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. 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. Over the last 90 days, insiders have sold 925,789 shares of company stock worth $126,007,032. 9.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Oppenheimer assumed coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Citigroup upped their target price on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

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.