Palantir Technologies (NASDAQ:PLTR) Shares Up 2.5% Following Analyst Upgrade

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price was up 2.5% during trading on Monday after President Capital upgraded the stock from a neutral rating to a buy rating. President Capital now has a $133.00 price target on the stock, up from their previous price target of $25.50. Palantir Technologies traded as high as $119.08 and last traded at $115.70. 43,738,992 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 47,528,164 shares. The stock had previously closed at $112.93.

PLTR has been the topic of a number of other research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a research note on Friday, May 22nd. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating on the stock. UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research report on Tuesday, May 5th. Finally, DA Davidson decreased their price objective on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.46.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the sale, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. 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 business’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 sale, 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 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. Over the last ninety days, insiders sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is currently owned by corporate insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir announced a strategic Nvidia collaboration to run Nemotron open AI models in sovereign and classified environments for U.S. government agencies and critical infrastructure, bolstering its AI growth outlook. Palantir Launches Engine for Deploying NVIDIA Nemotron Open Models in Sovereign Environments
• Positive Sentiment: Investors are also reacting to Palantir’s expanded partnership with Surf Air Mobility, which should accelerate commercialization of its software products and add another proof point for enterprise adoption. Palantir and Surf Air Mobility Expand Partnership to Accelerate Commercialization of OperatorOS, OwnerOS, and Enterprise Products
• Positive Sentiment: Commentary from analysts and investors remains supportive, with upgrades and bullish price targets highlighting Palantir’s “moat” and long-term AI/defense positioning. Palantir: Micron Has The Cycle. Palantir Has The Moat (Upgrade)
• Neutral Sentiment: Cathie Wood’s ARK funds continued buying PLTR during its pullback, signaling confidence in the stock, though the purchases themselves do not change fundamentals. Cathie Wood Is Backing the Truck Up on Palantir Stock. Is She Finally Right?
• Neutral Sentiment: Coverage continues to emphasize Palantir’s major U.S. Army enterprise agreement and broad government exposure, which supports the long-term thesis but was already known to the market. Palantir Just Secured the U.S. Army’s Biggest Data Overhaul
• Negative Sentiment: Some articles are flagging valuation and competitive concerns, including views that Palantir’s moat may be shrinking and that insider/hedge-fund selling could weigh on sentiment. ‘Moat Is Shrinking,’ Says Top Investor About Palantir Stock

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Milestone Asset Management LLC raised its holdings in Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after acquiring an additional 42,173 shares during the period. VCI Wealth Management LLC lifted its position in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,621 shares during the period. Vanguard Group Inc. grew its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Palantir Technologies in the fourth quarter valued at approximately $222,143,000. Finally, Jefferson Bridge Capital LLC bought a new position in shares of Palantir Technologies in the 4th quarter valued at $1,322,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 2.5%

The stock has a market cap of $277.37 billion, a price-to-earnings ratio of 130.00, a P/E/G ratio of 1.82 and a beta of 1.53. The company has a 50 day simple moving average of $135.96 and a 200 day simple moving average of $150.22.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 1.16 earnings per share for the current fiscal year.

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.