Y Intercept Hong Kong Ltd Invests $618,000 in Palantir Technologies Inc. $PLTR

Y Intercept Hong Kong Ltd acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the first quarter, Holdings Channel reports. The fund acquired 4,224 shares of the company’s stock, valued at approximately $618,000.

Several other hedge funds also recently added to or reduced their stakes in PLTR. Norges Bank purchased a new stake in Palantir Technologies in the fourth quarter valued at $5,149,641,000. State Street Corp grew its holdings in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Cardano Risk Management B.V. grew its holdings in shares of Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the period. Corient Private Wealth LLC increased its position in shares of Palantir Technologies by 1,449.7% during the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock worth $937,205,000 after purchasing an additional 4,932,364 shares during the last quarter. Finally, Amundi increased its position in shares of Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir said it will report second-quarter 2026 results on August 3 after the market close and host a webcast at 5:00 PM ET, keeping attention on the company’s next earnings catalyst. Palantir Announces Date of Second Quarter 2026 Earnings Release and Webcast
• Positive Sentiment: Several articles highlighted Palantir as a leading AI name, with pieces arguing the stock still has long-term upside and could benefit from continued growth in AI software adoption. Prediction: This Will Be Palantir Technologies’ Stock Price in 2030
• Positive Sentiment: Commentary from Palantir co-founder Joe Lonsdale on the AI investment boom reinforced the broader bullish narrative around AI infrastructure, defense tech, and software platforms. Palantir Co-Founder Joe Lonsdale on the AI Investment Boom
• Neutral Sentiment: Multiple articles compared Palantir with other AI stocks such as Snowflake and Super Micro, but these were mostly comparative opinion pieces rather than new company-specific developments. Palantir vs. Snowflake: Which AI Strategy Has the Better Long-Term Potential?
• Neutral Sentiment: Market commentary and interview clips from analysts and media personalities continued to discuss Palantir’s valuation, CEO comments, and AI strategy, keeping the stock in the spotlight but not changing fundamentals directly. ‘One to Admire,’ Says Top Investor About Palantir Stock
• Negative Sentiment: Some coverage questioned Palantir’s rich valuation and suggested investors could find better value elsewhere, which may cap gains if sentiment shifts away from high-multiple AI stocks. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
• Negative Sentiment: Several reports also highlighted concerns about AI costs, control, and a “satanic” company video criticized by Jim Cramer, adding some headline risk even as the broader AI story remains supportive. Cramer’s Ultimatum to Palantir: Disavow the “Satanic” Video Today

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Wolfe Research raised shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. Finally, Citigroup lifted their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.85.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 17,128 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the sale, the insider owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their position. The transaction 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 Ryan D. Taylor sold 19,662 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% 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. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last 90 days. Insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Up 2.6%

Palantir Technologies stock opened at $130.05 on Tuesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The firm has a market cap of $311.77 billion, a PE ratio of 146.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.56. The company’s 50 day moving average is $132.40 and its two-hundred day moving average is $145.61.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results 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 net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share 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.