iA Global Asset Management Inc. Has $65.14 Million Stock Holdings in Palantir Technologies Inc. $PLTR

iA Global Asset Management Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 366,459 shares of the company’s stock after buying an additional 16,935 shares during the quarter. Palantir Technologies makes up about 0.8% of iA Global Asset Management Inc.’s portfolio, making the stock its 29th biggest position. iA Global Asset Management Inc.’s holdings in Palantir Technologies were worth $65,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Invesco Ltd. raised its position in Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after buying an additional 1,213,529 shares during the last quarter. Northern Trust Corp raised its position in Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after buying an additional 769,238 shares during the last quarter. Finally, Amundi grew its stake in Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.2%

PLTR stock opened at $133.99 on Friday. The business has a 50 day moving average price of $144.62 and a two-hundred day moving average price of $159.79. The company has a market cap of $321.22 billion, a price-to-earnings ratio of 150.55, a P/E/G ratio of 2.13 and a beta of 1.52. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued 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 return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company’s stock, valued at $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,029,479 shares of company stock worth $137,685,797 in the last three months. 9.53% of the stock is owned by company insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. DZ Bank assumed coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.