Opal Capital LLC Purchases Shares of 5,706 Palantir Technologies Inc. $PLTR

Opal Capital LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,706 shares of the company’s stock, valued at approximately $1,014,000.

Several other institutional investors also recently bought and sold shares of PLTR. Rothschild Wealth LLC grew its holdings in shares of Palantir Technologies by 75.9% in the fourth quarter. Rothschild Wealth LLC now owns 4,515 shares of the company’s stock worth $803,000 after purchasing an additional 1,948 shares during the last quarter. Oddo BHF Asset Management Sas raised its stake in shares of Palantir Technologies by 13.4% during the fourth quarter. Oddo BHF Asset Management Sas now owns 57,032 shares of the company’s stock valued at $10,137,000 after acquiring an additional 6,759 shares during the last quarter. Rakuten Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 1,245.2% during the fourth quarter. Rakuten Investment Management Inc. now owns 423,436 shares of the company’s stock worth $77,988,000 after purchasing an additional 391,959 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of Palantir Technologies by 2.6% in the fourth quarter. Beacon Financial Advisory LLC now owns 8,482 shares of the company’s stock worth $1,508,000 after purchasing an additional 212 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $47,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the 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 transaction, the insider owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Shyam Sankar sold 165,514 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. 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 927,270 shares of company stock valued at $126,197,785 over the last three months. Corporate insiders own 9.53% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir Technologies (PLTR) to Peer Perform/Hold, signaling that analysts see less downside risk and still view the company as a major AI enterprise player. This Analyst Just Upgraded Palantir Stock. Here’s Why.
• Positive Sentiment: Coverage around Palantir’s recent AI partnerships and customer deployments at AIPCon 10 continues to support the bullish long-term AI-growth narrative. Will New AI Partnerships And Governance Votes At AIPCon 10 Change Palantir Technologies’ (PLTR) Narrative
• Neutral Sentiment: Some commentary says Palantir remains a leading enterprise AI software provider, but investors are still debating whether the stock’s recent pullback has made the valuation more reasonable. Palantir Technologies (PLTR) Stock Could Be 25.9% Overvalued After AI Rally
• Neutral Sentiment: Insider selling by Jeffrey Buckley was disclosed, but it was a small sale executed under a pre-arranged 10b5-1 plan, so it is more of a sentiment signal than a major fundamental change. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: France’s domestic spy agency is reportedly dropping Palantir in favor of a local rival, adding to concerns that European governments may prefer domestic providers for sensitive data projects. French domestic spy agency ditches Palantir for local rival, PM says
• Negative Sentiment: Palantir also lost a Swiss legal challenge tied to government contract scrutiny and data-sovereignty issues, reinforcing regulatory and political risk in Europe. Palantir (PLTR) Faces Swiss Legal Loss And French Contract Exit In Europe
• Negative Sentiment: Analyst commentary also points to Palantir’s still-stretched valuation, which is limiting upside even after the company’s strong AI momentum and recent upgrades. There’s a Catch,’ Says Top Analyst About Palantir (PLTR) Stock

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $133.25 on Wednesday. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52. The company has a market cap of $319.44 billion, a P/E ratio of 149.72, a PEG ratio of 2.14 and a beta of 1.53. The stock’s fifty day moving average price is $138.96 and its 200-day moving average price is $153.27.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during 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%.Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. Phillip Securities increased their price objective on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. DZ Bank started coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Benchmark lowered shares of Palantir Technologies to a “hold” rating in a research note on Tuesday. Finally, Mizuho lowered their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

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.