Peak Planning Group LLC Acquires New Stake in Palantir Technologies Inc. $PLTR

Peak Planning Group LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,427 shares of the company’s stock, valued at approximately $2,920,000. Palantir Technologies makes up about 0.8% of Peak Planning Group LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cardano Risk Management B.V. boosted its stake in Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after buying an additional 5,938,343 shares during the last quarter. Monograph Wealth Advisors LLC boosted its stake in Palantir Technologies by 7.4% in the 4th quarter. Monograph Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $258,000 after buying an additional 100 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Palantir Technologies in the 4th quarter worth about $3,134,000. Banco Santander S.A. boosted its stake in Palantir Technologies by 1.1% in the 4th quarter. Banco Santander S.A. now owns 104,830 shares of the company’s stock worth $18,634,000 after buying an additional 1,134 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Palantir Technologies by 7.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,222,213 shares of the company’s stock worth $217,248,000 after buying an additional 79,469 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target on the stock. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Mizuho decreased their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Phillip Securities raised their price target on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Two investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $127.99 on Friday. The stock’s 50-day moving average is $139.54 and its 200-day moving average is $153.76. The company has a market cap of $306.83 billion, a price-to-earnings ratio of 143.81, a price-to-earnings-growth ratio of 2.08 and a beta of 1.53. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares in the company, valued at approximately $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 925,789 shares of company stock worth $126,007,032. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

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.