Integrated Advisors Network LLC Cuts Holdings in Palantir Technologies Inc. $PLTR

Integrated Advisors Network LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.7% in the first quarter, HoldingsChannel reports. The fund owned 31,062 shares of the company’s stock after selling 3,734 shares during the quarter. Integrated Advisors Network LLC’s holdings in Palantir Technologies were worth $4,544,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLTR. Milestone Asset Management LLC raised its holdings in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after purchasing an additional 42,173 shares in the last quarter. VCI Wealth Management LLC lifted its position in Palantir Technologies by 42.3% in 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 period. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 0.7% in the 4th 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 in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Palantir Technologies in the 4th quarter valued at approximately $222,143,000. Finally, Jefferson Bridge Capital LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $1,322,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the 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 $43,523,821.36. Following the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’s 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 $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents 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. Over the last ninety days, insiders sold 927,270 shares of company stock valued at $126,197,785. Corporate insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. DZ Bank began coverage on Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $138.00 price target on shares of Palantir Technologies in a research note on Friday, May 22nd. Finally, Mizuho cut their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $190.85.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir announced an expanded AI platform agreement with GNP Seguros, its first publicly announced commercial customer in Latin America, which broadens the company’s international footprint and supports its push beyond government contracts. Article Title
• Positive Sentiment: D.A. Davidson upgraded Palantir to Buy from Neutral, citing its growing role as an AI orchestration layer for enterprises. Analyst upgrades can help reinforce confidence after the stock’s recent weakness. Article Title
• Positive Sentiment: Several commentary pieces argued that Palantir’s recent selloff may have created a more attractive entry point, with some noting strong revenue growth, high net retention, and expanding commercial adoption. Article Title
• Neutral Sentiment: Investors are still weighing Palantir’s high valuation against its rapid growth, with multiple articles this week highlighting both bullish long-term AI demand and concerns that the stock remains expensive after its sharp run-up. Article Title
• Negative Sentiment: Some recent coverage pointed to the stock’s steep decline from its highs and ongoing concerns about insider selling and prior volatility, which may cap enthusiasm even after the latest bounce. Article Title
• Negative Sentiment: Palantir also faces lingering risk from political scrutiny around its UK NHS contract, which remains an overhang for investors watching government renewal risk. Article Title

Palantir Technologies Trading Up 2.2%

Shares of NASDAQ:PLTR traded up $2.91 during midday trading on Tuesday, hitting $135.45. 20,222,103 shares of the stock were exchanged, compared to its average volume of 47,368,293. The stock has a market cap of $324.71 billion, a P/E ratio of 152.27, a PEG ratio of 2.08 and a beta of 1.56. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a 50 day moving average price of $133.44 and a 200-day moving average price of $147.67.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating 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 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 last year, the firm posted $0.13 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.16 earnings per share for the current year.

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.