Old Peak Finance LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Old Peak Finance LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 8,300 shares of the company’s stock, valued at approximately $1,475,000. Palantir Technologies comprises about 0.9% of Old Peak Finance LLC’s holdings, making the stock its 17th largest position.

A number of other institutional investors have also recently made changes to their positions in PLTR. One Capital Management LLC boosted its holdings in shares of Palantir Technologies by 5.6% in the 4th quarter. One Capital Management LLC now owns 3,927 shares of the company’s stock worth $698,000 after purchasing an additional 210 shares during the period. BNP Paribas raised its holdings in Palantir Technologies by 24.4% during the 4th quarter. BNP Paribas now owns 60,357 shares of the company’s stock valued at $11,436,000 after buying an additional 11,845 shares during the period. COFG Advisors LLC bought a new stake in Palantir Technologies in the fourth quarter worth $3,958,000. Sage Investment Advisers LLC purchased a new position in Palantir Technologies during the fourth quarter worth $762,000. Finally, a16z Perennial Management L.P. boosted its stake in Palantir Technologies by 15.6% during the fourth quarter. a16z Perennial Management L.P. now owns 9,156 shares of the company’s stock worth $1,627,000 after buying an additional 1,235 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 2.6%

Shares of Palantir Technologies stock opened at $160.65 on Tuesday. The firm’s 50 day moving average price is $141.80 and its 200-day moving average price is $155.65. The company has a market cap of $385.13 billion, a P/E ratio of 180.51, a PEG ratio of 2.48 and a beta of 1.52. Palantir Technologies Inc. has a 52-week low of $118.93 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating 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 firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir shares surged as a software sector rally lifted the stock to its best intraday performance in 13 months, with the move helping it finish the week with a double-digit gain. Palantir Rally Renews This ETF’s Shine
• Positive Sentiment: Traders are watching for a breakout after a period of consolidation, suggesting momentum investors see room for further upside if the stock clears resistance. Palantir Seen Ready for Next Move Higher
• Positive Sentiment: Coverage highlighting Palantir as one of the best AI stocks to buy, plus bullish commentary from Zacks and other outlets, is reinforcing the view that the company remains a top AI beneficiary. Palantir Technologies (PLTR): One of the Best Stocks to Buy Right Now According to AI
• Positive Sentiment: Multiple reports point to tailwinds from Dell-related AI infrastructure momentum and stronger sentiment across tech stocks, which are helping PLTR trade higher. Why Is Palantir Technologies Stock Trending Higher On Monday?
• Neutral Sentiment: Some commentary argues that a lot of Palantir’s expected growth is already priced in, even though the business is still growing quickly. Is Palantir Still a Millionaire-Maker Stock?
• Negative Sentiment: Bearish opinion pieces warned that Palantir could have room to decline by the end of 2027, reflecting valuation concerns after its big run. Prediction: This Will Be Palantir’s Stock Price by the End of 2027

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 922,524 shares of company stock worth $125,501,302 in the last three months. 9.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Tuesday, February 3rd. Citigroup raised their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Wednesday, May 6th. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.76.

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.