Palantir Technologies Inc. $PLTR Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 511,192 shares of the company’s stock after buying an additional 18,712 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Palantir Technologies were worth $90,864,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bare Financial Services Inc grew its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $32,000. Flagship Wealth Advisors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at $32,000. Morton Brown Family Wealth LLC boosted its position in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Finally, Clayton Financial Group LLC increased its stake in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s latest quarter was described as a record performance, with about 85% revenue growth, expanding margins, and a strong cash position, reinforcing the view that the company’s fundamentals remain exceptional despite the stock’s recent slide. The Palantir Paradox—Record Numbers and a Stock That Won’t Cooperate
• Positive Sentiment: Analysts and commentators highlighted Palantir’s growing customer base and rising U.S. commercial adoption, suggesting the company’s enterprise AI expansion is still gaining momentum. PLTR’s Customer Growth Momentum Strengthens Enterprise AI Expansion
• Positive Sentiment: Some investors see global tensions and rising defense demand as a tailwind for Palantir, since the company’s government and national-security software is viewed as increasingly strategic in a more chaotic world. Palantir stock gets surprising boost from global tensions
• Neutral Sentiment: Several pieces focused on whether PLTR is still a buy after its drop, emphasizing that the recent weakness may reflect an already-high starting valuation more than a deterioration in the underlying business. Is Palantir Stock a Buy?
• Neutral Sentiment: Palantir also received continued media coverage around its premium valuation and comparisons with other AI names, keeping the debate centered on price versus growth rather than on any new negative business development. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story
• Neutral Sentiment: Benchmark reportedly kept a Hold rating after Palantir’s record quarter, which suggests the market still sees upside potential but remains cautious about the stock’s elevated price. Palantir (PLTR) Reports Record Quarter, Benchmark Maintains Hold Rating
• Negative Sentiment: Bearish commentary continues to warn that Palantir’s valuation is stretched and that AI labs such as OpenAI and Anthropic could challenge parts of its software narrative over time. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story
• Negative Sentiment: Other articles pointed out that PLTR still trades well below its recent highs, underscoring that investors are re-rating the stock after a powerful prior run. Here’s What I Think Is Going on With Palantir Stock After Its Recent Slide

Palantir Technologies Trading Up 1.4%

Shares of NASDAQ PLTR opened at $137.15 on Thursday. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52. The business has a 50-day moving average price of $143.45 and a two-hundred day moving average price of $158.35. The firm has a market capitalization of $328.79 billion, a PE ratio of 154.10, a PEG ratio of 2.15 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during 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%. The firm’s revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the sale, the insider owned 219,421 shares in the company, valued at $29,340,976.12. This represents a 8.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the sale, the insider directly owned 392,370 shares of the company’s stock, valued at $52,467,716.40. This trade represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLTR. Benchmark started coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating on the stock. DZ Bank began coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Oppenheimer began coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target on the stock. Citigroup upped their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.