Focus Partners Advisor Solutions LLC Purchases 29,490 Shares of Palantir Technologies Inc. $PLTR

Focus Partners Advisor Solutions LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,782 shares of the company's stock after acquiring an additional 29,490 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Palantir Technologies were worth $13,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLTR. Bare Financial Services Inc raised its position in shares of 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 acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $29,000. Morton Brown Family Wealth LLC raised its position in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after acquiring an additional 125 shares during the last quarter. United Financial Planning Group LLC bought a new stake in shares of Palantir Technologies during the third quarter worth $32,000. Finally, Clayton Financial Group LLC raised its position in shares of Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the sale, the director directly owned 55,022 shares in the company, valued at $8,803,520. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated 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 sale, the insider owned 592 shares of the company's stock, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is owned by company insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Wedbush reiterated an aggressive $230 price target on Palantir after the company’s AI event, reinforcing the bullish case that enterprise AI demand is still accelerating. Wedbush Delivers Powerful Message for Palantir Stock Fans After AI Event
• Positive Sentiment: Analysts and market commenters highlighted Palantir as a beneficiary of the shift from AI chips to AI software, suggesting rising adoption could support future revenue growth. Beyond AI Chip Rally: 4 Software Stocks to Buy Now as the Hype Shifts
• Positive Sentiment: Palantir’s multiyear partnership with Google Cloud and integration with Gemini tools continues to validate its enterprise AI platform and expands its distribution channels. Palantir And Google Cloud Tie Up As Enterprise AI Bets Grow
• Neutral Sentiment: Several articles framed PLTR as a top growth stock in a higher-for-longer interest-rate environment, which may keep investor attention on its strong revenue momentum but does not change the valuation debate. 2 Growth Stocks to Buy Now as Strong Jobs Data Delays Fed Rate Cuts
• Neutral Sentiment: Palantir CEO Alex Karp’s comments about AI nationalization risks may add policy uncertainty, but the remarks were more cautionary than company-specific. Palantir CEO Alex Karp Says He's Been Warning AI Leaders For Months About Nationalization Risks
• Negative Sentiment: Despite the rebound, traders are still focused on Palantir’s elevated valuation and recent stock weakness, which could limit upside if momentum fades. Is Palantir Technologies Inc. (PLTR) A Good Stock To Buy Now?

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Friday. Royal Bank Of Canada restated an "underperform" rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. Mizuho dropped their target price on Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, DA Davidson dropped their price objective on Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, May 5th. Two equities 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.76.

Palantir Technologies Trading Up 0.7%

NASDAQ PLTR opened at $136.47 on Tuesday. The stock has a 50-day simple moving average of $140.58 and a 200 day simple moving average of $154.52. The company has a market capitalization of $327.16 billion, a PE ratio of 153.34, a P/E/G ratio of 2.15 and a beta of 1.53. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 28.34% and a net margin of 43.67%.The firm's revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

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.

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