Washington Trust Bank Has $20.22 Million Holdings in Palantir Technologies Inc. $PLTR

Washington Trust Bank boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,742 shares of the company’s stock after acquiring an additional 14,322 shares during the quarter. Palantir Technologies accounts for about 1.4% of Washington Trust Bank’s investment portfolio, making the stock its 19th largest holding. Washington Trust Bank’s holdings in Palantir Technologies were worth $20,218,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bare Financial Services Inc boosted its position in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the period. United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. Morton Brown Family Wealth LLC boosted its position in Palantir Technologies by 250.0% during the 4th 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 period. Finally, Clayton Financial Group LLC boosted its position in Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $136.89 on Tuesday. The stock’s 50 day simple moving average is $145.60 and its 200 day simple moving average is $160.97. Palantir Technologies Inc. has a twelve month low of $115.01 and a twelve month high of $207.52. The company has a market capitalization of $327.40 billion, a price-to-earnings ratio of 153.81, a PEG ratio of 2.19 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business earned $0.13 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

More Palantir Technologies News

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

• Positive Sentiment: Phillip Securities raised its price target on Palantir and maintained a Buy rating, reflecting confidence in the company’s post-earnings momentum and AI traction.
• Positive Sentiment: Argus upgraded Palantir to Buy and cited accelerating revenue growth and stronger operating margins after the Q1 results.
• Positive Sentiment: Several reports said Palantir’s demand is far outpacing supply, suggesting continued strong customer interest in its AI software platform. Article Title
• Neutral Sentiment: Coverage framed Palantir as a long-term growth story, with analysts and commentators arguing the company’s AI platform is transforming defense, healthcare, and logistics.
• Negative Sentiment: Despite strong earnings, the stock has struggled because valuation concerns remain high and investors appear unconvinced the current growth rate fully supports the premium multiple.
• Negative Sentiment: Renewed scrutiny over NHS data access could create reputational and regulatory overhang for Palantir. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLTR shares. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Wednesday, May 6th. Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, February 10th. Benchmark started coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating for the company. Finally, William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,479 shares of company stock worth $137,685,797 in the last three months. 9.53% of the stock is owned by 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.