Siemens Fonds Invest GmbH Increases Position in Palantir Technologies Inc. $PLTR

Siemens Fonds Invest GmbH increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 26.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 88,808 shares of the company’s stock after buying an additional 18,764 shares during the quarter. Palantir Technologies accounts for about 0.9% of Siemens Fonds Invest GmbH’s investment portfolio, making the stock its 15th biggest holding. Siemens Fonds Invest GmbH’s holdings in Palantir Technologies were worth $16,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Milestone Asset Management LLC lifted its position in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after purchasing an additional 42,173 shares during the period. VCI Wealth Management LLC lifted its position in Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares during the period. Vanguard Group Inc. lifted its position in Palantir Technologies by 0.7% during 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 during the period. PFA Pension Forsikringsaktieselskab acquired a new position in Palantir Technologies during the fourth quarter valued at $222,143,000. Finally, Jefferson Bridge Capital LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $1,322,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% 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 927,270 shares of company stock worth $126,197,785. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 1.1%

PLTR stock opened at $133.25 on Wednesday. The company’s 50-day simple moving average is $138.96 and its 200-day simple moving average is $153.27. Palantir Technologies Inc. has a 52-week low of $122.68 and a 52-week high of $207.52. The firm has a market cap of $319.44 billion, a P/E ratio of 149.72, a PEG ratio of 2.14 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

More Palantir Technologies News

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

• Positive Sentiment: Wolfe Research upgraded Palantir Technologies (PLTR) to Peer Perform/Hold, signaling that analysts see less downside risk and still view the company as a major AI enterprise player. This Analyst Just Upgraded Palantir Stock. Here’s Why.
• Positive Sentiment: Coverage around Palantir’s recent AI partnerships and customer deployments at AIPCon 10 continues to support the bullish long-term AI-growth narrative. Will New AI Partnerships And Governance Votes At AIPCon 10 Change Palantir Technologies’ (PLTR) Narrative
• Neutral Sentiment: Some commentary says Palantir remains a leading enterprise AI software provider, but investors are still debating whether the stock’s recent pullback has made the valuation more reasonable. Palantir Technologies (PLTR) Stock Could Be 25.9% Overvalued After AI Rally
• Neutral Sentiment: Insider selling by Jeffrey Buckley was disclosed, but it was a small sale executed under a pre-arranged 10b5-1 plan, so it is more of a sentiment signal than a major fundamental change. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: France’s domestic spy agency is reportedly dropping Palantir in favor of a local rival, adding to concerns that European governments may prefer domestic providers for sensitive data projects. French domestic spy agency ditches Palantir for local rival, PM says
• Negative Sentiment: Palantir also lost a Swiss legal challenge tied to government contract scrutiny and data-sovereignty issues, reinforcing regulatory and political risk in Europe. Palantir (PLTR) Faces Swiss Legal Loss And French Contract Exit In Europe
• Negative Sentiment: Analyst commentary also points to Palantir’s still-stretched valuation, which is limiting upside even after the company’s strong AI momentum and recent upgrades. There’s a Catch,’ Says Top Analyst About Palantir (PLTR) Stock

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. Phillip Securities increased their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Oppenheimer started coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Palantir Technologies in a research note on Tuesday. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.