Swiss Life Asset Management Ltd Decreases Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Swiss Life Asset Management reduced its Palantir position by 18.8% in the fourth quarter, selling 161,038 shares and leaving it with 697,254 shares valued at about $123.9 million.
• Insider selling picked up, with David A. Glazer and CEO Alexander C. Karp both selling shares; over the last 90 days, insiders have sold 1,029,479 shares worth roughly $137.7 million.
• Despite the selling, Palantir posted strong quarterly results, including earnings of $0.33 per share on $1.63 billion in revenue, both above expectations, though the stock remains under pressure from high valuation concerns.

Swiss Life Asset Management Ltd lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 697,254 shares of the company's stock after selling 161,038 shares during the period. Palantir Technologies makes up approximately 0.6% of Swiss Life Asset Management Ltd's holdings, making the stock its 28th largest holding. Swiss Life Asset Management Ltd's holdings in Palantir Technologies were worth $123,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC raised its holdings in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its holdings in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. raised its holdings in Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP purchased a new stake in Palantir Technologies during the 2nd quarter valued at $315,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,029,479 shares of company stock worth $137,685,797. Insiders own 9.53% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $137.80 on Monday. The stock's fifty day moving average is $145.51 and its two-hundred day moving average is $161.59. The company has a market capitalization of $329.57 billion, a PE ratio of 154.83, a price-to-earnings-growth ratio of 2.19 and a beta of 1.52. Palantir Technologies Inc. has a 52 week low of $114.90 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $0.13 EPS. Palantir Technologies's quarterly revenue was up 84.7% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir delivered record AI-driven revenue growth, with strong demand from both U.S. commercial customers and government clients, reinforcing the company’s AI growth story. Palantir Delivers Record AI-Driven Growth
• Positive Sentiment: Analysts continue to raise earnings estimates and some have reiterated or upgraded their ratings, suggesting Wall Street still sees upside in Palantir’s long-term growth trajectory. Wall Street Analysts Predict a 40.09% Upside in Palantir Technologies (PLTR): Here's What You Should Know
• Positive Sentiment: Palantir’s new U.S. Army interoperability hackathon partnership adds another credibility boost for its defense business and may support future government revenue. Palantir Joins U.S. Army and Industry Partners for "Right to Integrate" Hackathon Sprint for Defense-wide Interoperability
• Neutral Sentiment: Some commentary argues the stock’s post-earnings pullback is mainly a valuation reset rather than a deterioration in business quality, with investors weighing whether the AI growth rate justifies the premium. Palantir Just Crushed Earnings. So Why Is the Stock Down?
• Neutral Sentiment: Bearish takes from analysts and short-seller-style commentary are adding caution, but these arguments center on valuation and AI hype rather than any sign that Palantir’s business is weakening. Jefferies issues a stark warning for Palantir stock investors
• Negative Sentiment: Several reports say the stock is falling because Palantir’s valuation looks stretched after its huge run, and even strong results may not be enough to keep momentum going near term. Palantir Stock Shudders as Record 85% Growth Hits a Valuation Wall and Michael Burry Bets on a Total Collapse

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group cut their price objective on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. HSBC downgraded Palantir Technologies from a "buy" rating to a "hold" rating and cut their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Phillip Securities cut their price objective on Palantir Technologies from $208.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $194.68.

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.

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