Fox Run Management L.L.C. Takes $1.23 Million Position in Palantir Technologies Inc. $PLTR

Fox Run Management L.L.C. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,890 shares of the company’s stock, valued at approximately $1,225,000.

A number of other hedge funds also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $315,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the sale, the director owned 55,022 shares of the company’s stock, valued at $8,803,520. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 165,514 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 transaction 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. 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. Over the last quarter, insiders have sold 925,789 shares of company stock worth $126,007,032. 9.53% of the stock is currently owned by insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir announced new AI-driven commercial partnerships, including a proprietary platform with Kirkland & Ellis to streamline private equity fundraising and a multi-year strategic AI partnership with McCarthy Building Companies. These deals reinforce Palantir’s push to expand AIP adoption beyond government customers. Article Title Article Title
• Positive Sentiment: Analysts and bulls continue to argue that Palantir’s AI “operating layer” is creating durable enterprise value, and Wedbush reiterated a bullish $230 price target after the company’s AI event. Article Title Article Title
• Neutral Sentiment: Palantir shareholders backed management at the annual meeting and rejected ESG proposals, which removes a governance distraction but is unlikely to materially change the near-term investment case. Article Title
• Negative Sentiment: Recent coverage emphasizes that PLTR is still trading at a very rich multiple, and some commentators say the stock is falling because investors are questioning whether growth can justify the valuation after a big year-to-date pullback. Article Title Article Title
• Negative Sentiment: There is also fresh macro and political overhang from the U.K. reviewing Palantir’s NHS contract amid pressure to use a break clause, plus renewed concerns about potential government control or nationalization risk in AI. These headlines could weigh on sentiment, especially for a company with meaningful public-sector exposure. Article Title Article Title

Palantir Technologies Stock Performance

PLTR opened at $132.07 on Wednesday. The firm’s 50-day simple moving average is $140.36 and its 200-day simple moving average is $154.29. Palantir Technologies Inc. has a twelve month low of $122.68 and a twelve month high of $207.52. The firm has a market cap of $316.61 billion, a price-to-earnings ratio of 148.39, a PEG ratio of 2.17 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. UBS Group upped their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

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.