Ieq Capital LLC Purchases 82,869 Shares of Palantir Technologies Inc. $PLTR

Ieq Capital LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 557,693 shares of the company’s stock after buying an additional 82,869 shares during the period. Ieq Capital LLC’s holdings in Palantir Technologies were worth $99,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Denver Wealth Management Inc. boosted its stake in Palantir Technologies by 12.2% in the 4th quarter. Denver Wealth Management Inc. now owns 1,268 shares of the company’s stock valued at $225,000 after purchasing an additional 138 shares during the period. Broadleaf Partners LLC raised its holdings in Palantir Technologies by 2.2% in the 4th quarter. Broadleaf Partners LLC now owns 61,008 shares of the company’s stock valued at $10,844,000 after acquiring an additional 1,322 shares in the last quarter. Alchemi Wealth LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $654,000. Uniting Wealth Partners LLC raised its holdings in Palantir Technologies by 2.0% in the 4th quarter. Uniting Wealth Partners LLC now owns 16,578 shares of the company’s stock valued at $2,947,000 after acquiring an additional 333 shares in the last quarter. Finally, Peak Planning Group LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $2,920,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 company’s stock in a transaction dated 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 transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their position. 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. Over the last quarter, insiders have sold 925,789 shares of company stock worth $126,007,032. Company 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 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

Palantir Technologies stock opened at $127.99 on Friday. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52. The stock has a market capitalization of $306.83 billion, a P/E ratio of 143.81, a price-to-earnings-growth ratio of 2.08 and a beta of 1.53. The stock has a fifty day moving average of $139.54 and a 200-day moving average of $153.76.

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, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Phillip Securities lifted their price objective on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Mizuho dropped their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, Citigroup lifted their price objective on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two equities 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. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $192.76.

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.