Van Cleef Asset Management Inc Has $75.20 Million Stock Position in Palantir Technologies Inc. $PLTR

Van Cleef Asset Management Inc lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 423,058 shares of the company’s stock after selling 7,622 shares during the period. Palantir Technologies makes up 7.6% of Van Cleef Asset Management Inc’s holdings, making the stock its 3rd biggest holding. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $75,199,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PLTR. Vanguard Group Inc. increased its stake in Palantir Technologies by 0.7% in the fourth 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. State Street Corp grew its holdings in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after buying an additional 1,213,529 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Palantir Technologies by 3.8% during the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after buying an additional 769,238 shares during the last quarter. Finally, Amundi boosted its holdings in Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Benchmark started coverage on shares of Palantir Technologies in a research note on Wednesday, April 1st. They set a “hold” rating on the stock. Weiss Ratings lowered shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Price Performance

Shares of PLTR opened at $136.88 on Monday. The stock has a market capitalization of $328.14 billion, a P/E ratio of 153.80, a PEG ratio of 2.17 and a beta of 1.52. The firm has a fifty day simple moving average of $142.88 and a two-hundred day simple moving average of $157.41. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly 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. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was 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. In the last 90 days, insiders sold 923,756 shares of company stock worth $125,660,329. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Several recent articles argue Palantir’s strong revenue growth, recurring customer sales, and AI leadership could support further upside, with some writers calling the recent pullback a buying opportunity. Palantir Is 1 of the Fastest-Growing AI Companies, but Does That Make It a Buy?
• Positive Sentiment: Coverage around Palantir and Dell’s secure AI operating system highlights another potential growth driver, as the product is aimed at defense, healthcare, and other regulated customers. Palantir and Dell Build an AI OS for the Paranoid
• Positive Sentiment: Social-media and market chatter remains broadly bullish on Palantir’s AI positioning and long-term growth prospects, which can help keep investor interest elevated. Palantir Technologies Stock (PLTR) Opinions on AI Market Strength
• Neutral Sentiment: Palantir is still drawing attention as a high-profile AI stock and a market leader, but some recent commentary mainly reflects investor enthusiasm rather than a new company-specific catalyst. Nasdaq Rebound: 3 Stocks to Buy Before They Hit New All-Time Highs
• Negative Sentiment: Insiders sold more PLTR shares in recent filings, including Jeffrey Buckley, Ryan Taylor, David Glazer, Stephen Andrew Cohen, Shyam Sankar, and CEO Alex Karp, which can weigh on sentiment even if some sales were tied to taxes or 10b5-1 plans. Insider Selling: Palantir Technologies (NASDAQ:PLTR) Insider Sells $114,050.30 in Stock
• Negative Sentiment: Valuation remains a concern, with multiple articles noting that Palantir’s price still looks rich versus its growth rate, leaving the stock vulnerable if execution cools. Palantir Is 1 of the Fastest-Growing AI Companies, but Does That Make It a Buy?
• Negative Sentiment: Ongoing uncertainty around a Defense Intelligence Agency contract challenge adds risk to Palantir’s government business, a key part of its revenue mix. Palantir’s DIA Contract Challenge And What It Means For PLTR Valuation

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.