Clare Market Investments LLC Makes New $4.10 Million Investment in Palantir Technologies Inc. $PLTR

Clare Market Investments LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the first quarter, HoldingsChannel reports. The fund bought 28,045 shares of the company’s stock, valued at approximately $4,102,000. Palantir Technologies comprises 0.9% of Clare Market Investments LLC’s portfolio, making the stock its 22nd largest position.

Several other large investors also recently modified their holdings of the business. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $29,000. Morton Brown Family Wealth LLC increased its stake 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 purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $32,000. Finally, Clayton Financial Group LLC raised its holdings 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 buying an additional 150 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating for the company. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Finally, UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $190.85.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. The trade was a 4.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 927,270 shares of company stock valued at $126,197,785 in the last quarter. Company insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir announced an expansion agreement with GNP Seguros, its first publicly announced commercial customer in Latin America, highlighting growth beyond government contracts. Article Title
• Positive Sentiment: D.A. Davidson upgraded Palantir to Buy, citing its growing advantage as an AI orchestration layer for enterprises. Article Title
• Neutral Sentiment: Analysts and media commentary continue debating whether Palantir’s recent selloff has made the stock more attractive, with valuation still a key concern. Article Title
• Neutral Sentiment: Some reports highlight ongoing insider selling and valuation worries, which could temper enthusiasm even as the AI growth story remains intact. Article Title
• Negative Sentiment: Recent articles also point to lingering pressure from the UK NHS contract renewal debate, which remains a headline risk for Palantir’s government business. Article Title

Palantir Technologies Stock Up 0.4%

NASDAQ:PLTR opened at $133.01 on Tuesday. The company has a market cap of $318.87 billion, a P/E ratio of 149.99, a price-to-earnings-growth ratio of 2.08 and a beta of 1.56. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The business has a 50 day moving average price of $133.44 and a two-hundred day moving average price of $147.67.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue was up 84.7% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.16 earnings per share for the current fiscal year.

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.