NewEdge Wealth LLC Acquires 14,640 Shares of Palantir Technologies Inc. $PLTR

NewEdge Wealth LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 58.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 39,692 shares of the company’s stock after purchasing an additional 14,640 shares during the period. NewEdge Wealth LLC’s holdings in Palantir Technologies were worth $7,458,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. Norges Bank bought a new stake in Palantir Technologies during the second quarter valued at about $3,307,457,000. Invesco Ltd. boosted its position in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Palantir Technologies by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company’s stock valued at $1,914,238,000 after purchasing an additional 427,840 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. CICC Research lifted their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $191.05.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 12,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $181.35, for a total value of $2,176,200.00. Following the transaction, the insider directly owned 239,409 shares of the company’s stock, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,100 shares of company stock worth $10,576,379 in the last 90 days. 9.23% of the stock is owned by company insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Mizuho upgraded PLTR to Outperform with a $195 target, joining other firms that have turned more bullish after Palantir’s strong Q4 results and AI positioning — this upgrade helped lift investor sentiment. Palantir Stock Price Up After Analyst Upgrade
• Positive Sentiment: Palantir reported a blockbuster Q4 (revenue +70% y/y, EPS and revenue beats) and raised guidance, which supports expectations for continued commercial and U.S. government demand. That fundamental beat is a primary driver of renewed buying interest. Q4 Earnings: These Buy-Rated Stocks Crushed Expectations
• Positive Sentiment: Rackspace announced a strategic partnership to deploy Palantir’s Foundry and AIP in regulated/private-cloud environments, which could speed enterprise AIP adoption and enlarge Palantir’s commercial footprint. Partnerships like this increase channel reach and make deployments easier for enterprise customers. Rackspace and Palantir Partnership
• Positive Sentiment: A federal judge temporarily barred former Palantir staffers from soliciting employees for a rival AI startup, reducing near-term talent leakage and protecting Palantir’s competitive edge in specialized engineering talent. US judge blocks ex-Palantir staffers
• Neutral Sentiment: Palantir moved its headquarters from Denver to Miami — a strategic/operational change that may lower taxes and aid recruiting but is unlikely to materially change near-term revenue trends. Investors are treating this as a structural/PR move rather than a revenue catalyst. Palantir HQ move to Miami
• Negative Sentiment: High-profile scrutiny intensified after filings showed CEO Alex Karp logged ~$17.2M in private-jet travel; Michael Burry and other critics highlighted governance/expense concerns, which can weigh on sentiment and invite activist attention despite strong operations. CEO private jet spending
• Negative Sentiment: Broader skepticism remains — calls that PLTR may be overvalued or subject to unwind after a big run, plus visible insider selling and activist scrutiny, are ongoing risk factors that could cap upside until valuation concerns fade. MarketWatch: Burry attack and valuation concerns

Palantir Technologies Trading Down 0.4%

NASDAQ PLTR opened at $134.89 on Friday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a fifty day simple moving average of $165.85 and a two-hundred day simple moving average of $171.76. The stock has a market cap of $321.50 billion, a P/E ratio of 214.11, a P/E/G ratio of 2.60 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.