Keudell Morrison Wealth Management Invests $1.05 Million in Palantir Technologies Inc. $PLTR

Keudell Morrison Wealth Management bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 5,889 shares of the company’s stock, valued at approximately $1,047,000.

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

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Rosenblatt reaffirmed its buy rating and set a $225 price target, signaling substantial upside from current levels. Benzinga report on Rosenblatt rating
• Positive Sentiment: One report highlighted Palantir as one of the AI stocks that could “explode,” citing continued institutional interest in technology and semiconductors. Yahoo Finance article
• Positive Sentiment: Analysts and commentators pointed to Palantir’s strong fundamentals, including rapid revenue growth, high margins, and an off-the-charts Rule of 40 score, reinforcing the company’s AI growth narrative. Seeking Alpha article
• Neutral Sentiment: Palantir is also getting attention for urging the DIA to adopt more private-sector analytics tools, which could support the company’s defense business if it wins broader acceptance. Yahoo Finance article
• Neutral Sentiment: Several articles argued that the recent pullback may simply reflect Palantir’s very rich valuation after a large AI-driven run-up, rather than a deterioration in the business itself. Motley Fool article
• Neutral Sentiment: Multiple pieces noted Palantir’s strong customer growth and rising U.S. commercial adoption, suggesting the enterprise AI expansion story remains intact. Zacks article
• Negative Sentiment: One headline said Palantir shares fell amid inflation concerns and a reported DIA contract dispute, adding to short-term investor caution. Benzinga article
• Negative Sentiment: Bearish commentary also warned that Palantir may be priced for perfection, with lofty expectations leaving less room for disappointment. Seeking Alpha article

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Up 0.2%

Shares of NASDAQ PLTR opened at $137.41 on Friday. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The stock has a market cap of $329.41 billion, a PE ratio of 154.39, a P/E/G ratio of 2.18 and a beta of 1.52. The company has a 50-day moving average of $143.17 and a 200 day moving average of $157.91.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $0.13 EPS. Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Phillip Securities boosted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Northland Securities raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Tuesday, February 3rd. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Loop Capital cut their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.