Zhang Financial LLC Buys 5,147 Shares of Palantir Technologies Inc. $PLTR

Zhang Financial LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 123.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,305 shares of the company’s stock after buying an additional 5,147 shares during the quarter. Zhang Financial LLC’s holdings in Palantir Technologies were worth $1,361,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PLTR. Atlas Wealth LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at about $90,000. Aire Advisors LLC lifted its holdings in Palantir Technologies by 31.0% in the 1st quarter. Aire Advisors LLC now owns 2,858 shares of the company’s stock worth $418,000 after purchasing an additional 677 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in Palantir Technologies by 59.6% during the first quarter. Gryphon Financial Partners LLC now owns 24,031 shares of the company’s stock worth $3,515,000 after purchasing an additional 8,971 shares during the period. Modera Wealth Management LLC boosted its position in Palantir Technologies by 15.2% during the first quarter. Modera Wealth Management LLC now owns 22,045 shares of the company’s stock worth $3,225,000 after purchasing an additional 2,912 shares during the period. Finally, Townsend Asset Management Corp NC ADV grew its holdings in Palantir Technologies by 9.9% during the first quarter. Townsend Asset Management Corp NC ADV now owns 1,396 shares of the company’s stock valued at $204,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: DA Davidson reaffirmed its buy rating on Palantir and set a $175 price target, implying meaningful upside from current levels. This helps reinforce the bullish case after recent volatility. Benzinga article
• Positive Sentiment: Palantir’s partnership with Nvidia on sovereign AI is drawing investor interest and is being framed as a potential long-term growth catalyst, especially as AI infrastructure spending continues. Article
• Positive Sentiment: Palantir CEO Alex Karp has been highlighting the company as one of the key beneficiaries of AI infrastructure demand, which may support the bull thesis that Palantir is becoming a major enterprise AI winner. Article

Palantir Technologies Stock Down 1.5%

Shares of PLTR stock opened at $132.38 on Friday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market cap of $317.36 billion, a PE ratio of 148.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.56. The stock has a 50 day moving average of $132.20 and a 200-day moving average of $144.30.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target on the stock. Phillip Securities raised their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Finally, BNP Paribas Exane started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $190.85.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,112,270 shares of company stock worth $150,247,785. 9.53% of the stock is currently owned by insiders.

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.