Intrua Financial LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 37.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,890 shares of the company’s stock after selling 4,132 shares during the quarter. Intrua Financial LLC’s holdings in Palantir Technologies were worth $1,225,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Occidental Asset Management LLC grew its stake in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares during the period. Gallacher Capital Management LLC grew its stake in Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares during the period. Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. AlphaQuest LLC grew its stake in Palantir Technologies by 15.8% in the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company’s stock valued at $78,000 after acquiring an additional 58 shares during the period. Finally, Beaumont Financial Advisors LLC grew its stake in Palantir Technologies by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock valued at $527,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. The Goldman Sachs Group decreased their price objective on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating on the stock. Rosenblatt Securities raised their price objective on Palantir Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.
Palantir Technologies Trading Up 0.9%
Shares of PLTR opened at $135.14 on Tuesday. The firm has a market cap of $323.97 billion, a P/E ratio of 151.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.52. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The company’s 50-day moving average price is $144.27 and its 200 day moving average price is $159.20.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: PLTR moved higher after strong earnings from Cisco and an improved revenue outlook boosted optimism across the software sector, helping lift Palantir alongside peers. Why Palantir Technologies (PLTR) Stock Is Up Today
- Positive Sentiment: Recent commentary continues to highlight Palantir’s powerful fundamentals, including 85% revenue growth, raised full-year guidance, and expanding demand for government AI solutions. Palantir Technologies Stock (PLTR) Opinions on Recent Earnings and Analyst Upgrades
- Positive Sentiment: Analyst commentary remains constructive, with several firms reiterating buy/outperform views and price targets well above the current share price, reinforcing the bull case for further upside. Palantir Technologies Stock (PLTR) Opinions on Recent Earnings and Analyst Upgrades
Insider Transactions at Palantir Technologies
In related news, insider Jeffrey Buckley sold 1,232 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the sale, the insider directly owned 43,108 shares in the company, valued at approximately $5,564,380.64. The trade was a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,479 shares of company stock worth $137,685,797 in the last 90 days. Insiders own 9.53% of the company’s stock.
Palantir Technologies Company 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.
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