49,827 Shares in Palantir Technologies Inc. $PLTR Purchased by Sycale Advisors NY LLC

Sycale Advisors NY LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, Holdings Channel.com reports. The firm acquired 49,827 shares of the company’s stock, valued at approximately $7,289,000. Palantir Technologies accounts for about 3.6% of Sycale Advisors NY LLC’s holdings, making the stock its 12th biggest position.

A number of other large investors also recently added to or reduced their stakes in PLTR. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $1,574,111,000. State Street Corp lifted its holdings in Palantir Technologies by 7.2% in 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 period. Cardano Risk Management B.V. boosted its stake in Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after acquiring an additional 5,938,343 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Palantir Technologies by 1,449.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after acquiring an additional 4,932,364 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

PLTR opened at $124.57 on Thursday. The firm’s fifty day moving average is $131.98 and its two-hundred day moving average is $143.00. The firm has a market cap of $298.63 billion, a PE ratio of 139.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.56. Palantir Technologies Inc. has a twelve month low of $106.37 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 (EPS) 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The firm’s revenue was up 84.7% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Benchmark cut Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. DA Davidson reiterated a “buy” rating and issued a $175.00 price objective on shares of Palantir Technologies in a report on Friday, July 17th. Citigroup increased their target price on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average target price of $190.85.

More Palantir Technologies News

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

• Positive Sentiment: Palantir continues to post strong fundamental growth, with Q1 revenue up 85% year over year to $1.63 billion and U.S. commercial revenue rising 133%, which supports the long-term bull case. Is Palantir (PLTR) Stock Worth the Premium After 85% Revenue Surge?
• Positive Sentiment: Investors remain upbeat about Palantir’s AI platform and secure software offering, with recent commentary highlighting expanding customer adoption and continued upside potential ahead of earnings. Palantir Stock Price Braces for a 15% Swing as Q2 Earnings Near
• Neutral Sentiment: Some analysts and valuation models still argue the stock may be below fair value on a split valuation basis, but this is not enough to offset the current risk-off sentiment. Palantir Technologies (PLTR) Could Be 23% Below Fair Value On Split Valuation Views
• Negative Sentiment: Regulatory scrutiny over the NHS data contract is increasing concern that Palantir’s government business could face more controversy and reputational risk. Why is Palantir stock falling 5% today?
• Negative Sentiment: Investors are also worried about competition from newer open-source intelligence tools that could overlap with some of Palantir’s core capabilities. Why is Palantir stock falling 5% today?
• Negative Sentiment: Valuation anxiety remains a major headwind, with multiple recent reports suggesting investors are questioning whether the stock’s premium is justified after its sharp run-up. Why Is Palantir Stock Falling on Wednesday?

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 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 value of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. This represents a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 1,112,270 shares of company stock valued at $150,247,785. Company insiders own 9.53% of the company’s stock.

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.