Palantir Technologies Inc. $PLTR Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,929,710 shares of the company’s stock after purchasing an additional 154,183 shares during the period. Bank of New York Mellon Corp’s holdings in Palantir Technologies were worth $2,298,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PLTR. Bare Financial Services Inc raised its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $29,000. Morton Brown Family Wealth LLC boosted its holdings in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. United Financial Planning Group LLC purchased a new position in Palantir Technologies during the third quarter valued at approximately $32,000. 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 valued at $32,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 5.3%

PLTR stock opened at $152.17 on Wednesday. The firm has a market cap of $364.80 billion, a PE ratio of 170.98, a PEG ratio of 2.55 and a beta of 1.53. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52. The company has a fifty day simple moving average of $141.80 and a 200 day simple moving average of $155.65.

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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Several recent pieces point to continued bullish momentum, including strong AI infrastructure positioning, expanding customer relationships, and improving earnings revisions across software stocks. Investors are also focused on Palantir’s role in defense and public-sector AI, which remains a major long-term growth driver. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Positive Sentiment: News that Cavanagh extended its Foundry partnership through 2035 and is now channeling Palantir’s technology into broader construction deployments supports the idea that PLTR can keep expanding commercially beyond government contracts. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
• Positive Sentiment: Analysts and commentators continue to highlight Palantir as a key beneficiary of the broader AI and defense-tech surge, with investors still rotating into software names tied to enterprise AI adoption. Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
• Neutral Sentiment: Several articles simply note that Palantir remains heavily watched after its recent rally, with traders debating whether the stock still has room to run after a big move higher. Palantir Seen Ready for Next Move Higher
• Negative Sentiment: Valuation-focused coverage is pressuring the stock, with multiple pieces arguing Palantir’s premium multiple already prices in aggressive growth and may require exceptionally large federal market share to justify today’s market value. Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share
• Negative Sentiment: Reuters reported that UK lawmakers called Palantir’s role in the public sector an “unacceptable point of weakness,” highlighting political and procurement risk around its government business. UK lawmakers call Palantir’s role public sector an unacceptable weakness
• Negative Sentiment: Another recent report said President Trump’s latest AI executive order is weighing on PLTR shares, adding to near-term pressure despite the company’s strong growth profile. Why Palantir Stock Is Sinking Today

Analysts Set New Price Targets

A number of brokerages have issued reports on PLTR. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. Oppenheimer assumed coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 17,128 shares of the business’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 $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares in the company, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 the company’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 $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. 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. Insiders have sold a total of 925,789 shares of company stock worth $126,007,032 in the last 90 days. 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.