Sands Capital Management LLC Purchases New Position in Palantir Technologies Inc. $PLTR

Sands Capital Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel reports. The fund purchased 19,840 shares of the company’s stock, valued at approximately $3,527,000.

Several other institutional investors have also bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC boosted its stake in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC boosted its stake in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in Palantir Technologies in the 2nd quarter valued at $315,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $127.99 on Monday. The firm has a market cap of $306.83 billion, a P/E ratio of 143.81, a P/E/G ratio of 2.03 and a beta of 1.53. The business’s fifty day moving average is $139.54 and its two-hundred day moving average is $153.70. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 17,128 shares of the company’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 $2,330,093.12. Following the transaction, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 the company’s stock in a transaction 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 transaction, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their position. 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. In the last quarter, insiders have sold 925,789 shares of company stock valued at $126,007,032. Insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PLTR shares. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings lowered Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Tuesday, May 5th. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Citigroup boosted their price objective on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

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

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.