Panagora Asset Management Inc. Has $229.66 Million Stock Position in Palantir Technologies Inc. $PLTR

Panagora Asset Management Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,292,017 shares of the company’s stock after selling 101,071 shares during the period. Palantir Technologies makes up approximately 0.8% of Panagora Asset Management Inc.’s investment portfolio, making the stock its 17th largest position. Panagora Asset Management Inc.’s holdings in Palantir Technologies were worth $229,656,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Perryman Financial Advisory Inc. AD acquired a new position in Palantir Technologies during the fourth quarter valued at $4,084,000. Piedmont Capital Management LLC NC purchased a new position in Palantir Technologies in the fourth quarter valued at about $300,000. Resources Management Corp CT ADV grew its stake in Palantir Technologies by 66.7% in the fourth quarter. Resources Management Corp CT ADV now owns 1,000 shares of the company’s stock valued at $178,000 after purchasing an additional 400 shares in the last quarter. Sands Capital Management LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $3,527,000. Finally, Mosaic Financial Group LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $232,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’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 value of $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 company’s 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 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 position. The disclosure for this sale is available in the SEC filing. 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 currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $127.99 on Monday. The business has a 50 day moving average price of $139.54 and a 200 day moving average price of $153.70. Palantir Technologies Inc. has a twelve month low of $122.68 and a twelve month high of $207.52. The company has a market cap of $306.83 billion, a price-to-earnings ratio of 143.81, a PEG ratio of 2.03 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS 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 analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. Analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PLTR shares. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Friday, June 5th. Oppenheimer started coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. UBS Group boosted their target price on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, Benchmark started coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently 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.