Midwest Professional Planners LTD. Decreases Holdings in Palantir Technologies Inc. $PLTR

Midwest Professional Planners LTD. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 46.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,155 shares of the company’s stock after selling 5,235 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Palantir Technologies were worth $900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $29,000. Morton Brown Family Wealth LLC increased its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. Clayton Financial Group LLC raised its holdings in shares of Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Palantir Technologies during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the business’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 $2,674,818.48. Following the transaction, the insider owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last three months. Company insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. Oppenheimer began coverage on Palantir Technologies in a research report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. DZ Bank initiated coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Tuesday, May 5th. Finally, Mizuho lowered their target price on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.85.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir confirmed its Q2 earnings release date, keeping attention on the upcoming Aug. 3 report and reinforcing the idea that the next catalyst could drive the stock higher if results and guidance are strong. Palantir Stock Climbs After Confirming Q2 Earnings Release
• Positive Sentiment: Recent partnership announcements and analyst commentary have kept Palantir in the spotlight, supporting the view that enterprise and government demand for its AI software remains strong. Palantir Stock in Focus After a Busy Stretch of Partnerships, Analyst Activity
• Positive Sentiment: The U.S. Small Business Administration expanded its use of Palantir software to help detect and prosecute pandemic-era fraud, highlighting continued government adoption of PLTR’s platforms. SBA Expands Use of Palantir Software to Accelerate Pandemic Fraud Crackdown
• Positive Sentiment: Commentary around Palantir’s ontology and enterprise AI leadership suggests investors still see the company as a key beneficiary of AI adoption beyond simple model training. Palantir’s Ontology Edge Is Redefining AI Software Leadership
• Neutral Sentiment: Several articles focused on Palantir’s extremely rich valuation, with one piece asking whether its premium multiple is justified. That may keep debate intense, but it is not a direct business setback. Palantir Trades at 64X Sales. Here’s Whether That Premium Is Justified.
• Neutral Sentiment: Palantir’s CTO accused China’s AI models of being built on stolen U.S. intellectual property, which underscores the company’s hardline AI stance but is more of a geopolitical talking point than a direct earnings driver. Palantir CTO Says China’s AI Models Are Built on “Stolen American IP”
• Negative Sentiment: Some market commentary continues to frame PLTR as overextended versus peers, with articles comparing it unfavorably to Meta and citing concerns about its high multiple and recent volatility. Meta Vs. Palantir: Meta Platforms’ Deep Value Moats Crush Palantir’s Hyper-Inflatated Multiple
• Negative Sentiment: One article said Palantir fell as investors worried about new AI spending from Microsoft and Amazon and competition from Anthropic, suggesting rising competition could pressure sentiment. Why Is Palantir Stock Falling on Tuesday?

Palantir Technologies Price Performance

PLTR opened at $133.76 on Thursday. The company’s 50 day simple moving average is $132.36 and its two-hundred day simple moving average is $144.76. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market capitalization of $320.66 billion, a price-to-earnings ratio of 150.29, a price-to-earnings-growth ratio of 2.14 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s revenue was up 84.7% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Palantir Technologies Company 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.