Palantir Technologies Inc. $PLTR Position Decreased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 322,300 shares of the company’s stock after selling 4,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Palantir Technologies were worth $57,289,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PLTR. Decker Retirement Planning Inc. boosted its holdings in shares of Palantir Technologies by 778.7% in the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after buying an additional 54,347 shares during the period. Milestone Asset Management LLC boosted its holdings in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after buying an additional 42,173 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of Palantir Technologies by 26.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company’s stock worth $10,680,000 after buying an additional 12,229 shares during the period. VCI Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after buying an additional 3,621 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Palantir Technologies by 135.3% in the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock worth $98,659,000 after purchasing an additional 310,942 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Analysts remained upbeat after Palantir’s Q1 results, with Phillip Securities reportedly setting a $230 price target and other firms raising targets on the back of accelerating revenue growth and strong AI traction. Palantir (PLTR) Stock Gets $230 Price Target Despite Valuation Concerns
• Positive Sentiment: Palantir expanded its AI and defense collaboration with Ukraine, and CEO Alex Karp’s meeting with President Zelenskyy reinforced the company’s growing role in battlefield AI and defense infrastructure. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
• Positive Sentiment: Palantir also highlighted plans to scale interoperability across the U.S. Army and the Department of War, which could deepen federal adoption of its software platform. Palantir Technologies Inc. (PLTR) Plans to Scale Interoperability Across the US Army and the Department of War
• Neutral Sentiment: Several commentary pieces argued Palantir is still a long-term AI growth story and even called it cheaper than Alphabet on certain valuation metrics, but these articles mostly reinforced the existing debate rather than creating a new catalyst. Palantir stock is cheaper than Alphabet on this valuation metric
• Negative Sentiment: Valuation concerns remain a major headwind, with multiple articles noting that despite strong fundamentals, PLTR has struggled to sustain momentum and has been trading sideways or under pressure relative to broader market gains. Should You Really Ignore Palantir’s Steep Valuation and Buy the Stock? Here’s What History Says.
• Negative Sentiment: A Reuters/Yahoo-style report raised scrutiny over Palantir’s NHS data access, which could add regulatory and reputational pressure around its government and healthcare contracts. Palantir faces renewed scrutiny over NHS data access

Analysts Set New Price Targets

PLTR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Phillip Securities increased their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday. Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Loop Capital cut their price objective on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Palantir Technologies Stock Down 0.7%

NASDAQ:PLTR opened at $136.00 on Wednesday. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52. The firm has a market cap of $325.27 billion, a price-to-earnings ratio of 152.81, a P/E/G ratio of 2.17 and a beta of 1.52. The company’s 50 day moving average is $145.58 and its 200-day moving average is $160.69.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly 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 net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. Research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies 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 transaction, the insider owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This trade represents a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by corporate insiders.

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.