AlphaCore Capital LLC Buys 5,316 Shares of Palantir Technologies Inc. $PLTR

AlphaCore Capital LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 48.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,190 shares of the company’s stock after acquiring an additional 5,316 shares during the period. AlphaCore Capital LLC’s holdings in Palantir Technologies were worth $2,878,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares during the period. State Street Corp raised its position in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Invesco Ltd. raised its position in Palantir Technologies by 5.9% in the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after acquiring an additional 1,213,529 shares during the period. Northern Trust Corp raised its position in Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock worth $3,846,957,000 after acquiring an additional 769,238 shares during the period. Finally, Amundi raised its position in Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after acquiring an additional 4,373,201 shares during the period. Institutional investors own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Tuesday, February 10th. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research report on Thursday, January 22nd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Finally, Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 19,988 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the transaction, the insider owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,479 shares of company stock valued at $137,685,797 in the last quarter. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 0.2%

PLTR opened at $133.99 on Friday. The company has a market capitalization of $321.22 billion, a price-to-earnings ratio of 150.55, a PEG ratio of 2.13 and a beta of 1.52. The firm has a 50-day moving average price of $144.62 and a 200-day moving average price of $159.79. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping 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 company’s revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies 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.