Rakuten Investment Management Inc. Increases Stake in Palantir Technologies Inc. $PLTR

Rakuten Investment Management Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,245.2% during the fourth quarter, HoldingsChannel reports. The firm owned 423,436 shares of the company’s stock after buying an additional 391,959 shares during the quarter. Palantir Technologies accounts for 0.3% of Rakuten Investment Management Inc.’s holdings, making the stock its 20th biggest position. Rakuten Investment Management Inc.’s holdings in Palantir Technologies were worth $77,988,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $315,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the transaction, the insider directly owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was 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 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.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $134.71 on Tuesday. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52. The company has a market capitalization of $322.94 billion, a PE ratio of 151.36, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a fifty day moving average of $139.26 and a two-hundred day moving average of $153.49.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Citigroup increased their price objective 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. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Wednesday, May 6th. Finally, DZ Bank assumed coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir Technologies (PLTR), signaling improved analyst sentiment and helping support the stock. Analyst upgrades Palantir stock price target for next 12 months
• Positive Sentiment: Coverage continues to highlight Palantir’s accelerating AI software demand and strong growth narrative, which is keeping investors interested in the name. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Recent commentary says Palantir remains debt-free and still has financial firepower, reinforcing the bullish case for continued investment in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday’s trading strength was tied to a broader risk-on rally and investor enthusiasm for AI and security-related stocks, which lifted PLTR alongside peers. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several articles note that Palantir is attracting heavy investor attention and being discussed as a possible long-term AI winner, but those pieces are mostly sentiment-driven rather than fundamentally new. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One note says the stock is trading near its 52-week low and asks whether it is a buy, underscoring that opinions on valuation remain mixed. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Insider Jeffrey Buckley sold 1,481 shares under a pre-arranged trading plan, which can add to caution even though the sale was routine. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: Some commentary points to profit-taking and ongoing weakness earlier this year, suggesting investors are still debating whether the latest rally is sustainable. Palantir Technologies (PLTR) shares skyrocket, what you need to know
• Negative Sentiment: A separate report on a Swiss court defeat raised concerns about European data-sovereignty and contract risks, which could weigh on sentiment around international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

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.