Financiere des Professionnels Fonds d investissement inc. Buys 12,677 Shares of Palantir Technologies Inc. $PLTR

Financiere des Professionnels Fonds d investissement inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1,095.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,834 shares of the company’s stock after purchasing an additional 12,677 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Palantir Technologies were worth $2,024,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC lifted its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies during the 2nd quarter valued at approximately $315,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: DA Davidson reaffirmed its buy rating on Palantir and set a $175 price target, implying meaningful upside from current levels. This helps reinforce the bullish case after recent volatility. Benzinga article
• Positive Sentiment: Palantir’s partnership with Nvidia on sovereign AI is drawing investor interest and is being framed as a potential long-term growth catalyst, especially as AI infrastructure spending continues. Article
• Positive Sentiment: Palantir CEO Alex Karp has been highlighting the company as one of the key beneficiaries of AI infrastructure demand, which may support the bull thesis that Palantir is becoming a major enterprise AI winner. Article

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $4,550,000.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $83,562,180. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,112,270 shares of company stock worth $150,247,785. Insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Wednesday, May 6th. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Weiss Ratings lowered shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Finally, Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.85.

Palantir Technologies Trading Down 1.5%

NASDAQ:PLTR opened at $132.38 on Friday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock has a 50-day moving average price of $132.20 and a 200 day moving average price of $144.30. The stock has a market capitalization of $317.36 billion, a P/E ratio of 148.74, a P/E/G ratio of 2.15 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results 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 return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $0.13 EPS. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. On average, research analysts predict that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

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.