Palantir Technologies Inc. $PLTR Shares Purchased by Josh Arnold Investment Consultant LLC

Josh Arnold Investment Consultant LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,440 shares of the company’s stock after buying an additional 5,265 shares during the period. Palantir Technologies accounts for about 2.5% of Josh Arnold Investment Consultant LLC’s holdings, making the stock its 6th largest holding. Josh Arnold Investment Consultant LLC’s holdings in Palantir Technologies were worth $4,522,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wick Capital Partners LLC grew its holdings in shares of Palantir Technologies by 2,321.6% during the fourth quarter. Wick Capital Partners LLC now owns 62,744 shares of the company’s stock worth $11,153,000 after buying an additional 60,153 shares in the last quarter. Professional Financial Solutions LLC ADV purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $1,905,000. Mcguire Capital Advisors Inc. acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $4,333,000. Van Diest Capital LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $222,000. Finally, Compound Planning Inc. grew its stake in Palantir Technologies by 1.7% in the 4th quarter. Compound Planning Inc. now owns 85,317 shares of the company’s stock worth $15,165,000 after acquiring an additional 1,425 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 transaction, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% 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 David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. 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 worth $126,197,785. Corporate insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLTR. Mizuho cut their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. Benchmark lowered Palantir Technologies to a “hold” rating in a research note on Tuesday. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, Oppenheimer initiated coverage on Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Stock Down 1.7%

PLTR stock opened at $128.47 on Friday. The company has a market cap of $307.98 billion, a price-to-earnings ratio of 144.35, a PEG ratio of 2.07 and a beta of 1.53. The business has a fifty day simple moving average of $138.18 and a 200-day simple moving average of $152.74. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

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.