Ameritas Advisory Services LLC Sells 35,440 Shares of Palantir Technologies Inc. $PLTR

Ameritas Advisory Services LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 69.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,667 shares of the company’s stock after selling 35,440 shares during the period. Ameritas Advisory Services LLC’s holdings in Palantir Technologies were worth $2,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 4.0% during the third 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 during the period. State Street Corp boosted its stake in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Amundi increased its holdings in 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 purchasing an additional 4,373,201 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Palantir Technologies by 228.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock valued at $945,403,000 after purchasing an additional 3,602,471 shares during the period. Finally, Clear Street Group Inc. acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $408,763,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 4.4%

NASDAQ:PLTR opened at $130.05 on Thursday. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The firm has a market capitalization of $311.04 billion, a price-to-earnings ratio of 146.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.52. The stock’s 50 day moving average price is $145.28 and its two-hundred day moving average price is $160.33.

Palantir Technologies (NASDAQ:PLTR) last released 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 during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 19,988 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the sale, the insider owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This trade represents a 8.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,029,479 shares of company stock worth $137,685,797. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s Q1 results continue to draw bullish attention, with articles highlighting accelerated revenue growth, especially in the U.S., and multiple analysts raising price targets after the earnings beat. Argus Research Highlights Accelerating Revenue Growth at Palantir Technologies (PLTR)
• Positive Sentiment: New reports also point to continued defense-related momentum, including Palantir’s expanded AI cooperation with Ukraine and plans to scale interoperability across the U.S. Army, reinforcing the company’s growth narrative. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
• Neutral Sentiment: Several pieces frame Palantir as a standout AI growth story but question whether the stock is already priced for perfection, with commentary focusing on its steep valuation versus peers and the need for continued execution. Palantir Is Growing at a Jaw-Dropping Rate, but Is the Stock a Buy?
• Negative Sentiment: The stock is under pressure because the broader market is rebounding while Palantir is not participating, suggesting investors are rotating away from the name after its strong run and recent post-earnings selloff. Why Palantir Stock Is Sinking Today
• Negative Sentiment: Market commentary also notes that Palantir remains far below prior highs and is down for the year, which is amplifying concerns that its valuation is still too rich even after the pullback. Should You Really Ignore Palantir’s Steep Valuation and Buy the Stock? Here’s What History Says.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Rosenblatt Securities lifted their target price on Palantir Technologies from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wedbush reaffirmed an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, May 5th. Oppenheimer initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.