Allen Holding Inc. NY Has $284.40 Million Position in Palantir Technologies Inc. $PLTR

Key Points

• Allen Holding Inc. NY reduced its Palantir stake by 5.9% in the fourth quarter, but still held 1.6 million shares worth about $284.4 million. Palantir remains its second-largest position and makes up 27.1% of the firm’s holdings.
• Palantir recently posted strong quarterly results, with EPS of $0.33 versus the $0.28 consensus and revenue of $1.63 billion, up 84.7% year over year. Analysts currently have a consensus rating of Moderate Buy with an average price target of $192.76.
• The stock has seen mixed sentiment: shares have rallied on AI and software-sector momentum, but some analysts and commentators warn that valuation concerns may limit further upside. Insider selling has also been notable, with executives selling more than 922,000 shares over the last 90 days.

Allen Holding Inc. NY lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,600,000 shares of the company's stock after selling 100,000 shares during the period. Palantir Technologies accounts for 27.1% of Allen Holding Inc. NY's holdings, making the stock its 2nd biggest position. Allen Holding Inc. NY owned about 0.07% of Palantir Technologies worth $284,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Bare Financial Services Inc increased its holdings in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at $29,000. Morton Brown Family Wealth LLC lifted its stake in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $32,000. Finally, Clayton Financial Group LLC grew its position in shares of Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock valued at $32,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir shares surged as a software sector rally lifted the stock to its best intraday performance in 13 months, with the move helping it finish the week with a double-digit gain. Palantir Rally Renews This ETF's Shine
• Positive Sentiment: Traders are watching for a breakout after a period of consolidation, suggesting momentum investors see room for further upside if the stock clears resistance. Palantir Seen Ready for Next Move Higher
• Positive Sentiment: Coverage highlighting Palantir as one of the best AI stocks to buy, plus bullish commentary from Zacks and other outlets, is reinforcing the view that the company remains a top AI beneficiary. Palantir Technologies (PLTR): One of the Best Stocks to Buy Right Now According to AI
• Positive Sentiment: Multiple reports point to tailwinds from Dell-related AI infrastructure momentum and stronger sentiment across tech stocks, which are helping PLTR trade higher. Why Is Palantir Technologies Stock Trending Higher On Monday?
• Neutral Sentiment: Some commentary argues that a lot of Palantir’s expected growth is already priced in, even though the business is still growing quickly. Is Palantir Still a Millionaire-Maker Stock?
• Negative Sentiment: Bearish opinion pieces warned that Palantir could have room to decline by the end of 2027, reflecting valuation concerns after its big run. Prediction: This Will Be Palantir's Stock Price by the End of 2027

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PLTR shares. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Tuesday, May 5th. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. DZ Bank initiated coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price objective for the company. Finally, Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.76.

Palantir Technologies Price Performance

PLTR stock opened at $160.65 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The stock has a market capitalization of $385.13 billion, a price-to-earnings ratio of 180.51, a PEG ratio of 2.48 and a beta of 1.53. The business's fifty day moving average price is $141.80 and its two-hundred day moving average price is $155.65.

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

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 922,524 shares of company stock worth $125,501,302. Company insiders own 9.53% of the company's stock.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.