Louisiana State Employees Retirement System Purchases Shares of 266,900 Palantir Technologies Inc. $PLTR

Louisiana State Employees Retirement System acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 266,900 shares of the company’s stock, valued at approximately $39,042,000. Palantir Technologies makes up about 0.7% of Louisiana State Employees Retirement System’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds have also made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $315,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.5%

Shares of PLTR stock opened at $107.27 on Friday. The stock’s 50-day moving average price is $136.55 and its 200 day moving average price is $150.70. The stock has a market capitalization of $257.16 billion, a PE ratio of 120.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.53. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

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 analysts’ consensus estimates 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 analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. Analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $205.00 to $151.00 in a report on Friday, May 1st. Phillip Securities boosted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. DZ Bank began coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Finally, Wolfe Research raised Palantir Technologies from an “underperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. This represents a 2.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This trade represents a 5.82% 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. Over the last quarter, insiders sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Several articles highlighted that Wall Street analysts and bullish investors still see upside in Palantir, citing its rapid revenue growth, strong recent quarterly results, and expanding role in enterprise AI adoption. Article Title
• Positive Sentiment: Palantir’s new partnership with Zeta Global was described as validation for its AI platform and a sign that its technology is gaining traction in enterprise marketing infrastructure. Article Title
• Neutral Sentiment: Some coverage framed the recent selloff as a valuation reset after a huge prior run, arguing that while Palantir remains expensive, the pullback may be making the stock more attractive for long-term investors. Article Title
• Neutral Sentiment: Other pieces repeated the long-term growth case, noting Palantir’s strong revenue expansion and AI-driven positioning, but these bullish arguments have not been enough to stop the decline. Article Title
• Negative Sentiment: The main driver of the stock weakness appears to be concerns about Palantir’s stretched valuation, profit-taking in AI stocks, and a broader rotation away from software names toward AI hardware and chipmakers. Article Title
• Negative Sentiment: Bearish commentary from Michael Burry and repeated reports of Palantir hitting fresh 52-week lows have reinforced fears that the selloff could continue if sentiment stays weak. Article Title

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.