Palantir Technologies Inc. $PLTR Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 93,772 shares of the company’s stock after purchasing an additional 11,915 shares during the period. Palantir Technologies comprises approximately 1.1% of Sunbelt Securities Inc.’s portfolio, making the stock its 13th largest position. Sunbelt Securities Inc.’s holdings in Palantir Technologies were worth $16,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $29,000. United Financial Planning Group LLC purchased a new stake in Palantir Technologies during the third quarter worth about $32,000. Morton Brown Family Wealth LLC lifted 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 purchasing an additional 125 shares in the last quarter. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the sale, the insider owned 199,759 shares of the company’s stock, valued at $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 927,270 shares of company stock worth $126,197,785 in the last three months. Company insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLTR. BNP Paribas Exane began coverage on shares of Palantir Technologies in a report on Tuesday. They issued an “underperform” rating for the company. Citigroup raised their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday. Wedbush initiated coverage on Palantir Technologies in a research note on Tuesday. They issued an “outperform” rating on the stock. Finally, UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Palantir Technologies Price Performance

PLTR opened at $128.47 on Friday. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52. The stock has a market capitalization of $307.98 billion, a P/E ratio of 144.35, a P/E/G ratio of 2.07 and a beta of 1.53. The business has a 50 day simple moving average of $138.18 and a 200-day simple moving average of $152.74.

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