Palantir Technologies Inc. $PLTR Stock Position Trimmed by AXS Investments LLC

AXS Investments LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.5% during the first quarter, Holdings Channel reports. The institutional investor owned 40,073 shares of the company’s stock after selling 8,523 shares during the quarter. Palantir Technologies comprises 2.4% of AXS Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. AXS Investments LLC’s holdings in Palantir Technologies were worth $5,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Beaumont Financial Advisors LLC boosted its position in shares of Palantir Technologies by 2.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock worth $527,000 after purchasing an additional 59 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Palantir Technologies by 0.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock worth $1,890,000 after purchasing an additional 60 shares during the period. Sandbox Financial Partners LLC increased its holdings in shares of Palantir Technologies by 1.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 4,911 shares of the company’s stock valued at $873,000 after purchasing an additional 61 shares in the last quarter. San Luis Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 1.6% in the 4th quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company’s stock valued at $726,000 after purchasing an additional 63 shares in the last quarter. Finally, Monument Capital Management lifted its stake in shares of Palantir Technologies by 1.2% in the fourth quarter. Monument Capital Management now owns 5,341 shares of the company’s stock valued at $949,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $25.50 to $133.00 in a report on Monday, June 29th. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Friday, June 5th. DA Davidson upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $165.00 to $175.00 in a report on Thursday, July 2nd. Finally, BTIG Research cut Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.85.

Palantir Technologies Price Performance

PLTR stock opened at $134.44 on Friday. The company’s 50 day simple moving average is $132.30 and its 200-day simple moving average is $144.38. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market capitalization of $322.29 billion, a PE ratio of 151.06, a P/E/G ratio of 2.14 and a beta of 1.56.

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 the consensus estimate 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 the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Palantir Technologies News Roundup

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction 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 owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This trade represents a 20.48% 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 valued at $150,247,785 in the last ninety days. 9.53% of the stock is owned by insiders.

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.