Palantir Technologies Inc. $PLTR Stock Holdings Decreased by Empowered Funds LLC

Empowered Funds LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.9% during the first quarter, HoldingsChannel.com reports. The firm owned 205,588 shares of the company’s stock after selling 83,497 shares during the period. Empowered Funds LLC’s holdings in Palantir Technologies were worth $30,073,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank bought a new stake in Palantir Technologies in the fourth quarter valued at about $5,149,641,000. Jennison Associates LLC acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership grew its position in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. State Street Corp increased its holdings in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in shares of Palantir Technologies by 917.4% in the 4th 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. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLTR shares. Mizuho dropped their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $25.50 to $133.00 in a report on Monday, June 29th. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Benchmark cut shares of Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.88.

Palantir Technologies Stock Up 7.0%

Palantir Technologies stock opened at $131.53 on Tuesday. The firm has a 50-day moving average price of $131.48 and a two-hundred day moving average price of $141.99. The firm has a market capitalization of $315.32 billion, a price-to-earnings ratio of 147.79, a PEG ratio of 1.96 and a beta of 1.56. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 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 firm 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 firm earned $0.13 EPS. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 165,514 shares of the firm’s stock in a transaction that occurred on 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 $87,444,607.44. This trade represents a 20.48% decrease in their position. The transaction 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 Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% 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. In the last 90 days, insiders sold 1,112,270 shares of company stock valued at $150,247,785. 9.53% of the stock is currently owned by insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Oppenheimer maintained its bullish outlook, reiterating an Outperform rating and a $200 price target. The firm expects Palantir to deliver a solid second-quarter earnings beat and potentially raise its outlook, with revenue growth of roughly 85% supporting the case. Oppenheimer Lays Out Expectations for Palantir Stock Ahead of August 3 Earnings
• Positive Sentiment: Strong operating momentum is attracting buyers ahead of the August 3 earnings release. Recent results showed revenue growth above 80%, while analysts and bullish commentators believe commercial adoption of Palantir’s AI platform could support another meaningful beat. Several published price targets remain well above the current trading level, including Oppenheimer’s $200 target. Palantir Stock Surges as Oppenheimer Predicts Strong Q2 Earnings Beat
• Positive Sentiment: Palantir’s AI infrastructure and software positioning remains a long-term catalyst. Commentary contrasting Palantir with hardware-focused technology companies suggests that continued spending on AI infrastructure could increase demand for the software and operating systems that run on top of it. IBM Fell 25% as Hardware Spending Dominated AI Budgets

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.