Mariner LLC Grows Holdings in Palantir Technologies Inc. $PLTR

Mariner LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,252,363 shares of the company’s stock after purchasing an additional 135,746 shares during the period. Mariner LLC’s holdings in Palantir Technologies were worth $222,683,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PLTR. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares in the last quarter. State Street Corp increased its position in shares of Palantir Technologies by 1.1% during the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the period. Norges Bank purchased a new position in Palantir Technologies in the fourth quarter worth $5,149,641,000. Finally, Invesco Ltd. boosted its position in Palantir Technologies by 5.9% in the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after purchasing an additional 1,213,529 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $127.99 on Monday. The stock has a market capitalization of $306.83 billion, a P/E ratio of 143.81, a P/E/G ratio of 2.03 and a beta of 1.53. Palantir Technologies Inc. has a 52-week low of $122.68 and a 52-week high of $207.52. The stock’s 50-day simple moving average is $139.54 and its 200 day simple moving average is $153.70.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. DZ Bank assumed coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target on the stock. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Phillip Securities lifted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the sale, the insider owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. The trade was a 4.37% 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. Insiders sold 925,789 shares of company stock worth $126,007,032 in the last 90 days. 9.53% of the stock is currently owned by company insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

Palantir Technologies 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.