Telligent Fund LP Increases Position in Palantir Technologies Inc. $PLTR

Telligent Fund LP increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 37.5% during the 1st quarter, HoldingsChannel reports. The fund owned 22,000 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Palantir Technologies comprises approximately 3.4% of Telligent Fund LP’s investment portfolio, making the stock its 12th largest holding. Telligent Fund LP’s holdings in Palantir Technologies were worth $3,218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $29,000. Morton Brown Family Wealth LLC raised its position in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. Clayton Financial Group LLC boosted its stake in shares of Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 642,786 shares in the company, valued at approximately $83,562,180. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the sale, the director directly owned 55,022 shares in the company, valued at approximately $8,803,520. This trade represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,112,270 shares of company stock worth $150,247,785 over the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $132.66 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The stock has a market capitalization of $318.03 billion, a price-to-earnings ratio of 149.06, a PEG ratio of 2.16 and a beta of 1.56. The stock’s fifty day moving average is $132.09 and its two-hundred day moving average is $143.38.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a research note on Friday, May 22nd. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Tuesday, May 5th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. Finally, Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.85.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s AI software demand continues to support rapid revenue growth, with recent coverage highlighting strong first-quarter results, rising contract value, and growing adoption of its Artificial Intelligence Platform by U.S. commercial customers. Palantir Stock Extends Recovery on Strong AI Software Demand
• Positive Sentiment: Multiple bullish outlook pieces say Palantir could rally further into its upcoming Aug. 3 report, as investors look for another earnings beat and guidance raise to extend the stock’s recovery. Prediction: Palantir Stock Will Go Parabolic After Aug. 3. Here’s Why
• Positive Sentiment: Commentary also points to Palantir’s unique Ontology platform and its growing footprint across government and enterprise customers as reasons some investors still see substantial long-term upside. Prediction: This Could Be Palantir’s Stock Price By the End of 2027
• Neutral Sentiment: Several articles are debating whether Palantir is now a buy after its pullback, but these pieces mostly reinforce that the key issue remains valuation rather than the company’s operating performance. Palantir Stock Is Down More Than 35% from Its Peak. Is It Finally a Buy?
• Negative Sentiment: Bearish coverage continues to pressure sentiment by emphasizing that Palantir trades at a rich multiple, leaving the stock vulnerable if growth slows or the next update fails to impress. Palantir: The Stock Is Richly Valued With a Forward P/S Multiple of Over 40x, but Is the Growth Story Still Worth Buying Into?

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.