Union Bancaire Privee UBP SA Has $40.56 Million Position in Palantir Technologies Inc. $PLTR

Union Bancaire Privee UBP SA lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 277,254 shares of the company’s stock after purchasing an additional 25,541 shares during the period. Palantir Technologies accounts for about 0.7% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 26th largest position. Union Bancaire Privee UBP SA’s holdings in Palantir Technologies were worth $40,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Cambient Family Office LLC lifted its holdings in Palantir Technologies by 6.6% during the 1st quarter. Cambient Family Office LLC now owns 67,459 shares of the company’s stock worth $9,868,000 after buying an additional 4,181 shares in the last quarter. Narus Financial Partners LLC lifted its stake in shares of Palantir Technologies by 16.6% during the first quarter. Narus Financial Partners LLC now owns 3,397 shares of the company’s stock valued at $497,000 after acquiring an additional 483 shares during the period. WT Wealth Management lifted its stake in shares of Palantir Technologies by 3.7% during the first quarter. WT Wealth Management now owns 2,211 shares of the company’s stock valued at $323,000 after acquiring an additional 78 shares during the period. Signature Wealth Management Partners LLC boosted its holdings in Palantir Technologies by 5.4% in the first quarter. Signature Wealth Management Partners LLC now owns 5,154 shares of the company’s stock valued at $754,000 after acquiring an additional 265 shares during the last quarter. Finally, Econ Financial Services Corp acquired a new stake in Palantir Technologies in the first quarter worth about $1,552,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing 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 the company’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 $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% 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. Insiders sold 927,270 shares of company stock worth $126,197,785 in the last three months. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 5.3%

PLTR opened at $112.93 on Friday. The stock has a market cap of $270.73 billion, a P/E ratio of 126.89, a P/E/G ratio of 1.73 and a beta of 1.53. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a fifty day simple moving average of $135.96 and a 200 day simple moving average of $150.44.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 84.7% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.16 earnings per share for the current fiscal year.

More Palantir Technologies News

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

• Positive Sentiment: ARK Invest reportedly bought about $3.3 million of Palantir shares, helping fuel “buy the dip” interest after the stock hit 52-week lows. Why Is Palantir Stock Surging On Friday?
• Positive Sentiment: Wedbush and other bullish commentators argued the recent tech selloff is a buying opportunity, saying investors still underestimate Palantir’s role in enterprise AI. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Positive Sentiment: New growth catalysts were highlighted from Palantir’s partnerships with Zeta Global and the U.S. Army, reinforcing demand for its software platform. Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
• Positive Sentiment: Several articles pointed out that PLTR has become one of the most oversold mega-cap tech names, suggesting the stock may be stretched too far to the downside. Palantir Becomes Most Oversold Mega-Cap Tech Stock
• Neutral Sentiment: Palantir’s recent rebound also came as software stocks outperformed semiconductors, reflecting a broader sector rotation rather than a company-specific breakthrough. The Market Rotation Is On. ServiceNow, Workday, and AppLovin Rise as Software Tops Chips.
• Negative Sentiment: Despite the bounce, Palantir is still under pressure from a broad AI/software selloff, concerns about rich valuation, and fear that expectations ran ahead of fundamentals. Why Palantir Stock Soared Today
• Negative Sentiment: Bearish coverage also continued, including a Seeking Alpha piece on “accelerating AI risks,” underscoring investor worries about competition and the sustainability of Palantir’s premium multiple. Palantir: Accelerating AI Risks

Analyst Ratings Changes

PLTR has been the topic of a number of research reports. Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Oppenheimer initiated coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price objective on the stock. DZ Bank began coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price for the company. Mizuho cut 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. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.