Greenspring Advisors LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Greenspring Advisors LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,667 shares of the company’s stock, valued at approximately $652,000.

Other institutional investors have also added to or reduced their stakes in the company. Gallacher Capital Management LLC increased its holdings in shares of Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Palantir Technologies by 15.8% during the third quarter. AlphaQuest LLC now owns 425 shares of the company’s stock valued at $78,000 after acquiring an additional 58 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of Palantir Technologies by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock valued at $527,000 after acquiring an additional 59 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Palantir Technologies by 0.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock valued at $1,890,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’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 $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at approximately $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. In the last three months, insiders sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $141.70 on Friday. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52. The stock has a 50-day moving average of $141.19 and a 200 day moving average of $154.99. The company has a market capitalization of $339.70 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 2.26 and a beta of 1.53.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PLTR shares. Benchmark started coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating for the company. DZ Bank started coverage on Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target for the company. Phillip Securities raised their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Citigroup raised their price target on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir announced an expanded partnership with Google Cloud that connects Foundry and AIP with Gemini and BigQuery, and makes Palantir available on Google Cloud Marketplace, which could broaden adoption and distribution. Palantir Announces Availability on Google Cloud Marketplace, Including Two-Way Integrations between BigQuery and Foundry and Deep Connectivity between Gemini and AIP
• Positive Sentiment: The company also unveiled several new enterprise deals at AIPCon 10, including a multi-year partnership with Kirkland & Ellis, a strategic deal with McCarthy Building Companies, and an expansion agreement with GNP Seguros, reinforcing commercial momentum beyond government contracts. GNP Seguros Announces Enterprise Expansion of Palantir Foundry and AIP Across All Lines of Business
• Positive Sentiment: Palantir said customer demos at AIPCon 10 are highlighting real-world deployments of Foundry, AIP, Ontology, and Apollo, which supports the bull case that its AI platform is seeing meaningful usage in production. Palantir Customers Reveal How AI Amplifies Their Tradecraft at AIPCon 10
• Neutral Sentiment: Analysts and commentators are also debating whether recent volatility is just a pause after a strong run or a warning sign that Palantir’s rich valuation leaves little room for error. Is It Time To Reconsider Palantir Technologies (PLTR) After Recent Volatility And Rich Earnings Multiple
• Negative Sentiment: Michael Burry renewed his bearish stance on Palantir, adding to valuation skepticism and likely contributing to some near-term pressure on the stock. Michael Burry Takes Aim at Palantir Stock Again, But He’s Missing the Bigger Picture
• Negative Sentiment: Separate reports also noted criticism of Palantir’s U.K. NHS contract, which keeps regulatory and political risk in focus for investors. Palantir’s £330M NHS deal faces criticism from UK parliamentarians

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.