Gryphon Financial Partners LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 59.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,031 shares of the company’s stock after buying an additional 8,971 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Palantir Technologies were worth $3,515,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC increased its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $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 worth $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Palantir Technologies during the first quarter valued at $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Insider Activity at Palantir Technologies
In other news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the firm’s 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 completion of the transaction, the director directly owned 55,022 shares in the company, valued at $8,803,520. The trade was a 2.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,112,270 shares of company stock worth $150,247,785 in the last 90 days. Insiders own 9.53% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Palantir Technologies
Palantir Technologies Trading Down 1.5%
Shares of NASDAQ:PLTR opened at $132.38 on Friday. The stock has a market capitalization of $317.36 billion, a PE ratio of 148.74, a P/E/G ratio of 2.15 and a beta of 1.56. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm has a fifty day moving average price of $132.20 and a 200 day moving average price of $144.30.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its 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. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 84.7% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.
Trending Headlines about Palantir Technologies
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
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.
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