North Dakota State Investment Board Takes Position in Palantir Technologies Inc. $PLTR

North Dakota State Investment Board purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 75,965 shares of the company’s stock, valued at approximately $13,503,000. Palantir Technologies comprises about 0.5% of North Dakota State Investment Board’s portfolio, making the stock its 25th largest position.

Several other large investors have also recently modified their holdings of the business. Elyxium Wealth LLC raised its stake in shares of Palantir Technologies by 6.6% during the fourth quarter. Elyxium Wealth LLC now owns 12,963 shares of the company’s stock valued at $2,304,000 after acquiring an additional 798 shares during the last quarter. Rossmore Private Capital raised its stake in shares of Palantir Technologies by 80.3% during the fourth quarter. Rossmore Private Capital now owns 6,256 shares of the company’s stock valued at $1,112,000 after acquiring an additional 2,786 shares during the last quarter. Abacus Wealth Partners LLC raised its stake in shares of Palantir Technologies by 94.1% during the fourth quarter. Abacus Wealth Partners LLC now owns 4,469 shares of the company’s stock valued at $794,000 after acquiring an additional 2,166 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in shares of Palantir Technologies by 19.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 16,249 shares of the company’s stock valued at $2,888,000 after acquiring an additional 2,670 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of Palantir Technologies by 4.8% during the fourth quarter. iA Global Asset Management Inc. now owns 366,459 shares of the company’s stock valued at $65,138,000 after acquiring an additional 16,935 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $133.99 on Monday. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The company has a fifty day moving average of $144.62 and a 200-day moving average of $159.59. The stock has a market cap of $321.22 billion, a PE ratio of 150.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $0.13 earnings per share. Palantir Technologies’s revenue for the quarter was up 84.7% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho dropped their price target 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. The Goldman Sachs Group decreased their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. Finally, Rosenblatt Securities increased their price objective on shares of Palantir Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given 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 has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

More Palantir Technologies News

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This trade represents a 7.12% 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 Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is currently 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.