Stevens Capital Management LP Has $11.01 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Stevens Capital Management cut its Palantir stake by 59.7%, selling 91,702 shares and now holds 61,940 shares worth $11.01 million, making PLTR its third-largest position.
• Palantir posted a strong Q1: revenue $1.63B (+84.7% YoY) and EPS $0.33 topped estimates and the company raised FY revenue guidance, but the stock fell amid concerns over high multiples and mixed analyst reactions.
• Significant insider and institutional moves: insiders sold 1,029,479 shares (~$137.7M) in the past 90 days (insiders own 9.53%), institutions own 45.65%, and the consensus rating is "Moderate Buy" with an average price target of $194.25.

Stevens Capital Management LP decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,940 shares of the company's stock after selling 91,702 shares during the period. Palantir Technologies makes up approximately 3.9% of Stevens Capital Management LP's investment portfolio, making the stock its 3rd biggest position. Stevens Capital Management LP's holdings in Palantir Technologies were worth $11,010,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PLTR. Decker Retirement Planning Inc. lifted its position in Palantir Technologies by 778.7% during the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company's stock valued at $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Milestone Asset Management LLC increased its holdings in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock worth $10,763,000 after buying an additional 42,173 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Palantir Technologies by 26.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after buying an additional 12,229 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Palantir Technologies by 135.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock valued at $98,659,000 after buying an additional 310,942 shares in the last quarter. Finally, VCI Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock valued at $2,166,000 after acquiring an additional 3,621 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

PLTR opened at $135.91 on Wednesday. The stock's 50 day moving average price is $145.29 and its 200-day moving average price is $162.19. Palantir Technologies Inc. has a one year low of $105.32 and a one year high of $207.52. The stock has a market cap of $325.06 billion, a price-to-earnings ratio of 152.71, a P/E/G ratio of 2.73 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 30.26% and a net margin of 43.67%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $0.13 EPS. Palantir Technologies's quarterly revenue was up 84.7% compared to the same quarter last year. As a group, analysts predict that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. DA Davidson reduced their price objective on Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating on the stock in a research note on Tuesday. Robert W. Baird raised Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research note on Tuesday, February 3rd. UBS Group lifted their target price on Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Oppenheimer assumed coverage on Palantir Technologies in a report on Thursday, April 30th. They set an "outperform" rating and a $200.00 price target on the stock. Finally, Wedbush restated an "outperform" rating and issued a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $194.25.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Blowout Q1 and upgraded guidance — Palantir reported $1.63B revenue (≈+85% YoY), EPS above estimates and raised FY revenue guidance; the quarter showed strong U.S. demand and margin expansion. Read More.
• Positive Sentiment: Official beat-and-raise release and rule‑of‑40 strength — company presentation highlights record growth, large operating leverage and cash generation that support a longer‑term growth/margin story. Read More.
• Neutral Sentiment: Analyst split — some firms hiked price targets (Rosenblatt, Wedbush) while others trimmed or voiced caution; consensus is mixed and revisions will drive near‑term volatility. Read More.
• Negative Sentiment: Market punished the stock despite the beat — investors cited sky‑high multiples and concerns that parts of the commercial business lagged expectations, leading to a sell‑off. Read More.
• Negative Sentiment: Management capacity/prioritization risk — CEO Alex Karp said Palantir will prioritize U.S. warfighters over some commercial clients, which investors worry could cap near‑term commercial upside. Read More.
• Negative Sentiment: Short interest and headline risk — prominent investor Michael Burry publicly flagged a short on PLTR and media flagged heavy insider selling, adding pressure to sentiment. Read More. · Read More.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 168,004 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by company insiders.

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.

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.