Vise Technologies Inc. Buys 29,490 Shares of Palantir Technologies Inc. $PLTR

Vise Technologies Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 60.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,453 shares of the company’s stock after purchasing an additional 29,490 shares during the period. Vise Technologies Inc.’s holdings in Palantir Technologies were worth $13,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Norges Bank bought a new position in Palantir Technologies during the 4th quarter valued at approximately $5,149,641,000. Vanguard Group Inc. increased its position in Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp increased its position in Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Amundi increased its position in Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after buying an additional 4,373,201 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Palantir Technologies by 637.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,459,068 shares of the company’s stock valued at $792,610,000 after buying an additional 3,854,452 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PLTR. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Benchmark began coverage on Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating for the company. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Tuesday, May 5th. UBS Group lifted their target price on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings lowered Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $192.76.

Palantir Technologies Price Performance

PLTR stock opened at $141.70 on Friday. The company has a market cap of $339.70 billion, a P/E ratio of 159.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.53. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52. The stock’s fifty day moving average price is $141.19 and its 200-day moving average price is $154.99.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s expanded Google Cloud partnership and multiple AIPCon customer wins highlight growing adoption of its AI software across enterprise customers, which can support revenue growth and sentiment. Palantir Announces Availability on Google Cloud Marketplace, Including Two-Way Integrations between BigQuery and Foundry and Deep Connectivity between Gemini and AIP
• Positive Sentiment: The new partnerships with Kirkland & Ellis, McCarthy Building, and GNP Seguros reinforce Palantir’s ability to land high-profile commercial customers and expand existing relationships. McCarthy and Palantir Announce Strategic Partnership to Bring AI to the Construction Field and Beyond
• Neutral Sentiment: Commentary pieces comparing Palantir with other AI winners and discussing its valuation may keep traders focused on the stock’s rich multiple rather than just the growth story. Palantir or Oracle? AI Analyst and Wall Street Pick Different Winners
• Negative Sentiment: Fresh skepticism from Michael Burry and other valuation-focused articles are pressuring sentiment, with critics arguing the stock still looks expensive after a huge run. Michael Burry Takes Aim at Palantir Stock Again, But He’s Missing the Bigger Picture
• Negative Sentiment: Reports that Palantir’s NHS deal is facing criticism from UK parliamentarians add headline risk around government contracts and public scrutiny. Palantir’s £330M NHS deal faces criticism from UK parliamentarians

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 925,789 shares of company stock worth $126,007,032. Company insiders own 9.53% of the company’s stock.

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.