Corient Private Wealth LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

Corient Private Wealth LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,449.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,272,601 shares of the company’s stock after purchasing an additional 4,932,364 shares during the period. Palantir Technologies makes up 0.5% of Corient Private Wealth LLC’s holdings, making the stock its 27th largest position. Corient Private Wealth LLC’s holdings in Palantir Technologies were worth $937,205,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC increased its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC increased its stake in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP acquired a new position in Palantir Technologies during the second quarter valued at $315,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Mizuho decreased their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research note on Tuesday. Benchmark lowered Palantir Technologies to a “hold” rating in a report on Tuesday. Finally, BNP Paribas Exane initiated coverage on Palantir Technologies in a research report on Tuesday. They set an “underperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $128.47 on Friday. The firm has a 50-day simple moving average of $138.18 and a two-hundred day simple moving average of $152.74. Palantir Technologies Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $207.52. The company has a market cap of $307.98 billion, a P/E ratio of 144.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 84.7% on a year-over-year basis. Equities research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 397,744 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 $54,109,093.76. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is owned by insiders.

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.