Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 187.0% in the first quarter, HoldingsChannel reports. The firm owned 55,741 shares of the company’s stock after acquiring an additional 36,316 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Palantir Technologies were worth $8,154,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of PLTR. Beaumont Financial Advisors LLC grew its holdings in shares of Palantir Technologies by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock worth $527,000 after purchasing an additional 59 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in shares of Palantir Technologies by 0.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock valued at $1,890,000 after buying an additional 60 shares in the last quarter. San Luis Wealth Advisors LLC raised its holdings in shares of Palantir Technologies by 1.6% in the fourth quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company’s stock valued at $726,000 after buying an additional 63 shares during the last quarter. Monument Capital Management raised its holdings in shares of Palantir Technologies by 1.2% in the fourth quarter. Monument Capital Management now owns 5,341 shares of the company’s stock valued at $949,000 after buying an additional 63 shares during the last quarter. Finally, CYBER HORNET ETFs LLC lifted its position in Palantir Technologies by 1.2% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock worth $966,000 after buying an additional 65 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.
Palantir Technologies Trading Up 1.9%
Shares of NASDAQ:PLTR opened at $134.85 on Tuesday. The stock has a market capitalization of $323.28 billion, a P/E ratio of 151.52, a P/E/G ratio of 2.12 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 business has a 50-day moving average price of $132.16 and a two-hundred day moving average price of $143.69.
Insider Buying and Selling at Palantir Technologies
In related news, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider directly owned 60,226 shares in the company, valued at $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% 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 sold a total of 1,112,270 shares of company stock valued at $150,247,785 over the last 90 days. Company 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: Several articles argue Palantir’s long-term growth case remains intact, pointing to its expanding AI software footprint and the strength of its AIP platform. Palantir: The Stock Is Richly Valued With a Forward P/S Multiple of Over 40x, but Is the Growth Story Still Worth Buying Into?
- Positive Sentiment: Commentary from top investors and market watchers says Palantir’s business momentum and product expansion could support further gains despite the stock’s premium valuation. It’s Not Crazy, Says Top Investor About Palantir Stock
- Positive Sentiment: Another piece says Palantir keeps defying skeptics with a string of earnings beats and a raised outlook, reinforcing the idea that fundamentals are still improving. Predicition: Palantir Defies Doubters. Here’s Our New Price Target
- Neutral Sentiment: Palantir is also being widely searched and discussed, which shows elevated investor interest but does not by itself change the outlook.
- Neutral Sentiment: Several articles revisit the stock’s big run from its IPO and its recent pullback, keeping focus on valuation and volatility rather than any new company-specific catalyst.
Wall Street Analyst Weigh In
A number of brokerages have commented on PLTR. Phillip Securities increased their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Oppenheimer initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price on the stock. Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Finally, Citigroup raised their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.85.
Read Our Latest Report on Palantir Technologies
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.
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