30,430 Shares in Palantir Technologies Inc. $PLTR Acquired by VMS Asset Management Limited

Key Points

• VMS Asset Management Limited opened a new position in Palantir, buying 30,430 shares worth about $5.41 million in the fourth quarter.
• Palantir continues to attract major institutional interest, with large investors like Norges Bank, Vanguard, State Street, and others increasing or initiating stakes; institutional and hedge funds now own 45.65% of the stock.
• The company is benefiting from strong AI-related momentum, including expanded Google Cloud partnerships and new commercial wins, though sentiment is tempered by valuation concerns and criticism over government contract scrutiny.

VMS Asset Management Limited purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,430 shares of the company's stock, valued at approximately $5,409,000.

Several other large investors have also made changes to their positions in PLTR. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Amundi boosted its position in shares of Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after acquiring an additional 4,373,201 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Palantir Technologies by 637.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,459,068 shares of the company's stock worth $792,610,000 after acquiring an additional 3,854,452 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies News Summary

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

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. Cantor Fitzgerald reiterated a "neutral" rating and set a $138.00 price target on shares of Palantir Technologies in a research report on Friday, May 22nd. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday, April 14th. Wedbush reissued an "outperform" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, May 5th. Freedom Capital raised shares of Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 13th. Finally, Citigroup increased their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.76.

Insider Activity

In other news, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares of the company's stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the transaction, the insider directly owned 199,759 shares of the company's stock, valued at $27,175,214.36. The trade was a 8.96% decrease in their position. 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. In the last three months, insiders have sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $141.70 on Friday. The company has a market cap of $339.70 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 2.26 and a beta of 1.53. The firm has a 50 day simple moving average of $141.19 and a 200 day simple moving average of $154.99. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion during 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 quarter in the prior year, the firm earned $0.13 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

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.

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