Macquarie Group Ltd. Grows Holdings in Palantir Technologies Inc. $PLTR

Macquarie Group Ltd. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.1% in the 4th quarter, HoldingsChannel reports. The fund owned 809,687 shares of the company’s stock after buying an additional 130,039 shares during the quarter. Palantir Technologies makes up about 0.6% of Macquarie Group Ltd.’s holdings, making the stock its 24th largest holding. Macquarie Group Ltd.’s holdings in Palantir Technologies were worth $143,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gerber Kawasaki Wealth & Investment Management grew its holdings in Palantir Technologies by 1.9% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 12,667 shares of the company’s stock valued at $2,252,000 after buying an additional 240 shares in the last quarter. Summit Financial LLC grew its holdings in Palantir Technologies by 1.7% during the 4th quarter. Summit Financial LLC now owns 348,961 shares of the company’s stock valued at $62,028,000 after buying an additional 5,833 shares in the last quarter. M1 Capital Management LLC grew its holdings in Palantir Technologies by 1.3% during the 4th quarter. M1 Capital Management LLC now owns 7,808 shares of the company’s stock valued at $1,388,000 after buying an additional 104 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Palantir Technologies by 2.2% during the 4th quarter. Quadrant Capital Group LLC now owns 42,928 shares of the company’s stock valued at $7,630,000 after buying an additional 906 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in Palantir Technologies by 31.6% during the 4th quarter. CI Investments Inc. now owns 492,771 shares of the company’s stock valued at $87,590,000 after buying an additional 118,402 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 319,934 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 $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 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 $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 925,789 shares of company stock valued at $126,007,032 over the last 90 days. 9.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLTR. HSBC lowered shares of 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 report on Friday, May 1st. Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Benchmark started coverage on shares of Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating for the company. Finally, DA Davidson lowered their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies News Roundup

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 Stock Performance

NASDAQ PLTR opened at $127.99 on Friday. The company has a market capitalization of $306.83 billion, a P/E ratio of 143.81, a P/E/G ratio of 2.08 and a beta of 1.53. Palantir Technologies Inc. has a one year low of $122.68 and a one year high of $207.52. The stock has a 50 day moving average price of $139.54 and a 200-day moving average price of $153.76.

Palantir Technologies (NASDAQ:PLTR) 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. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

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.