Midwest Trust Co Acquires 10,082 Shares of Palantir Technologies Inc. $PLTR

Midwest Trust Co raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,307 shares of the company’s stock after acquiring an additional 10,082 shares during the quarter. Midwest Trust Co’s holdings in Palantir Technologies were worth $8,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Briaud Financial Planning Inc bought a new position in Palantir Technologies in the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the second quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $28,000. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $29,000. Finally, Zeit Capital LLC bought a new position in Palantir Technologies during the 2nd quarter worth approximately $30,000. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,023,844 shares of company stock worth $167,455,085. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLTR shares. Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective for the company. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. UBS Group dropped their target price on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Finally, DA Davidson lowered their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Twelve research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $191.05.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir continues to report exceptional growth and investor enthusiasm around its AI/data platforms, which supports the long-term bull case. Palantir Shares Pop as Strong Growth Continues. Is It Too Late to Buy the Stock?
• Positive Sentiment: Analysis highlighting rising adoption of Palantir’s AIP/Foundry offerings reinforces expectations for continued revenue expansion. Palantir: Rising Adoption Of AIP To Drive Growth
• Neutral Sentiment: Daiwa Capital upgraded PLTR to Buy citing Q4 results that “left a positive impression,” a supportive data point—although the firm also reset its price target. Daiwa Capital Upgrades Palantir Stock (PLTR) to Buy
• Neutral Sentiment: Daiwa’s upgrade came with a lower-than-before $180 price target (upgrade but trimmed upside), a mixed signal that can limit the rally’s momentum. PLTR Price Target Cut Comes with Upgrade Over Earnings Growth Outlook
• Negative Sentiment: Numerous commentary pieces point to rich valuation and the risk of a large drawdown — a dominant theme pressuring the stock after its run-up. What’s Wrong With Palantir Technologies Stock?
• Negative Sentiment: High-profile bearish technical calls (including Michael Burry’s warning of a large drop) amplify fear and can accelerate selling or deter new buyers. Michael Burry Forecasts 58% Palantir Collapse
• Negative Sentiment: Reputational noise (a temporarily pulled Forbes profile over controversial contracts) adds short-term PR risk. Forbes temporarily pulls Palantir profile — allegedly over ICE contracts
• Negative Sentiment: Broader software/AI sector weakness and calls to “sell into strength” mean short-term flows can push PLTR lower even after beats. Why Palantir (PLTR) Stock Is Up Today and Why One Analyst Says Sell Into Strength

Palantir Technologies Stock Down 2.4%

Shares of Palantir Technologies stock opened at $139.45 on Wednesday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a market capitalization of $332.37 billion, a price-to-earnings ratio of 221.35, a PEG ratio of 2.74 and a beta of 1.64. The firm’s 50-day moving average price is $172.72 and its two-hundred day moving average price is $173.16.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.