Independent Advisor Alliance trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 124,070 shares of the company’s stock after selling 12,452 shares during the quarter. Palantir Technologies accounts for 0.5% of Independent Advisor Alliance’s portfolio, making the stock its 26th largest holding. Independent Advisor Alliance’s holdings in Palantir Technologies were worth $22,053,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. raised its position in Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Milestone Asset Management LLC raised its position in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after purchasing an additional 42,173 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in Palantir Technologies by 26.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company’s stock worth $10,680,000 after purchasing an additional 12,229 shares during the last quarter. VCI Wealth Management LLC raised its position in Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,621 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in Palantir Technologies by 135.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock worth $98,659,000 after purchasing an additional 310,942 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies Trading Down 0.7%
Shares of Palantir Technologies stock opened at $136.00 on Wednesday. The business has a 50-day moving average price of $145.58 and a two-hundred day moving average price of $160.69. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52. The company has a market cap of $325.27 billion, a P/E ratio of 152.81, a PEG ratio of 2.17 and a beta of 1.52.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir expanded its AI and defense cooperation with Ukraine, including deeper use of battlefield data and the Brave1 Dataroom project, reinforcing the company’s growth narrative in defense AI. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
- Positive Sentiment: Phillip Securities raised its price target on Palantir and reiterated a bullish view after the company’s strong Q1 results, adding to a cluster of upbeat analyst notes. Analyst Reiterates Buy on Palantir as Explosive Earnings Momentum and AI Traction Drive DCF-Based Price Target Up to $202
- Positive Sentiment: Argus Research said Palantir’s revenue growth is accelerating and raised its outlook, signaling confidence in the company’s post-earnings momentum. Argus Research Highlights Accelerating Revenue Growth at Palantir Technologies
- Neutral Sentiment: Several recent articles frame Palantir as a long-term AI and defense winner, but they mostly reinforce existing optimism rather than introduce a new catalyst. Massive News for Palantir Stock Investors
- Negative Sentiment: Despite strong fundamentals, several reports note that the stock has been under pressure because its valuation is still very demanding and investors may be disappointed when results, however strong, do not exceed sky-high expectations. Should You Really Ignore Palantir’s Steep Valuation and Buy the Stock? Here’s What History Says.
- Negative Sentiment: Another article pointed to renewed scrutiny over Palantir’s NHS data access, which could add reputational or regulatory overhang even if it is not the main trading driver today. Palantir faces renewed scrutiny over NHS data access
Analyst Ratings Changes
Several research analysts recently issued reports on PLTR shares. Mizuho lowered their target price on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. DA Davidson decreased their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Phillip Securities increased their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday. Finally, Rosenblatt Securities increased their price target on Palantir Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.16.
Read Our Latest Analysis on Palantir Technologies
Insider Buying and Selling
In other news, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $79,162.24. This trade represents a 99.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,029,479 shares of company stock worth $137,685,797 over the last 90 days. 9.53% of the stock is owned by company insiders.
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.
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