Millennium Capital Advisors LLC Buys Shares of 10,918 Palantir Technologies Inc. $PLTR

Millennium Capital Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel reports. The fund bought 10,918 shares of the company’s stock, valued at approximately $1,941,000. Palantir Technologies makes up approximately 1.1% of Millennium Capital Advisors LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in PLTR. Vanguard Group Inc. grew its holdings in Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp boosted its stake in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Amundi boosted its stake in Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after buying an additional 4,373,201 shares in the last quarter. Wellington Management Group LLP boosted its stake in Palantir Technologies by 228.0% in the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock worth $945,403,000 after buying an additional 3,602,471 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $408,763,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares in the company, valued at approximately $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. Phillip Securities lifted their price target on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Northland Securities raised Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Tuesday, February 3rd. DZ Bank initiated coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Finally, Benchmark initiated coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Palantir Technologies News Roundup

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Palantir Technologies Trading Up 0.2%

Palantir Technologies stock opened at $133.99 on Friday. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52. The company has a market capitalization of $321.22 billion, a price-to-earnings ratio of 150.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.52. The business’s fifty day simple moving average is $144.62 and its two-hundred day simple moving average is $159.79.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.

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.