Silvant Capital Management LLC Sells 26,995 Shares of Palantir Technologies Inc. $PLTR

Silvant Capital Management LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 246,694 shares of the company’s stock after selling 26,995 shares during the quarter. Palantir Technologies comprises about 1.5% of Silvant Capital Management LLC’s holdings, making the stock its 16th biggest position. Silvant Capital Management LLC’s holdings in Palantir Technologies were worth $43,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. TritonPoint Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $635,000. Truvestments Capital LLC raised its stake in shares of Palantir Technologies by 7.3% in the fourth quarter. Truvestments Capital LLC now owns 13,609 shares of the company’s stock worth $2,419,000 after buying an additional 931 shares during the period. USS Investment Management Ltd raised its stake in shares of Palantir Technologies by 0.5% in the fourth quarter. USS Investment Management Ltd now owns 333,595 shares of the company’s stock worth $59,300,000 after buying an additional 1,587 shares during the period. Zinnia Wealth Advisory LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $221,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Palantir Technologies by 5.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 315,385 shares of the company’s stock worth $56,060,000 after buying an additional 16,839 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 5.3%

NASDAQ PLTR opened at $134.71 on Tuesday. The stock’s 50 day moving average is $139.26 and its 200 day moving average is $153.49. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52. The stock has a market cap of $322.94 billion, a PE ratio of 151.36, a P/E/G 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, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the sale, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. The trade was a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the sale, the director directly owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 927,270 shares of company stock worth $126,197,785. Insiders own 9.53% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Investors are bidding up Palantir on continued enthusiasm for AI software demand, with articles highlighting the company’s strong growth story and its positioning in AI security and analytics. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Coverage also notes that Palantir remains debt-free and is still producing solid financial results, which supports the bullish case that the company has the balance-sheet strength to keep investing in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday trading commentary says Palantir rose as investors piled into AI and cybersecurity-related names during a broad risk-on rally, suggesting sector momentum is helping the stock. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several pieces simply note that Palantir is drawing heavy investor attention and searching interest, which reflects strong market focus but does not by itself change the fundamentals. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One article frames Palantir as trading near its 52-week low and asks whether it is a buy, reinforcing that sentiment is still split even after strong long-term AI enthusiasm. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Analysts and commentary also point to ongoing pressure from profit-taking and the stock’s weak year-to-date performance, suggesting some investors remain cautious after a big run-up and subsequent pullback. Palantir Wows Retail Traders With Q1 Revenue Beat And Guidance Hike, But Stock Drops Amid Profit-Taking
• Negative Sentiment: A separate report highlights a Swiss court defeat and broader European data-sovereignty and contract risks, which could weigh on sentiment around Palantir’s international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. Oppenheimer began coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price objective on the stock. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Friday, June 5th. Citigroup boosted their price target on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.76.

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.