TD Asset Management Inc Has $219.94 Million Stock Position in Palantir Technologies Inc. $PLTR

TD Asset Management Inc increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,237,372 shares of the company’s stock after buying an additional 91,951 shares during the quarter. TD Asset Management Inc’s holdings in Palantir Technologies were worth $219,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. State Street Corp raised its holdings in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth about $5,149,641,000. Finally, Invesco Ltd. raised its holdings in shares of Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after acquiring an additional 1,213,529 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the sale, the director owned 55,022 shares in the company, valued at approximately $8,803,520. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $43,523,821.36. Following the sale, the insider owned 592 shares of the company’s stock, valued at $80,535.68. This trade 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. Insiders have sold a total of 925,789 shares of company stock valued at $126,007,032 in the last three months. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir is still getting credit for major commercial momentum, including a reported long-term AI deal with top law firm Kirkland & Ellis and an extended Foundry partnership with Thomas Cavanagh Construction that could expand Palantir’s reach beyond government clients. Palantir Stock (PLTR) Rises on Major AI Deal with Top Law Firm Kirkland & Ellis
• Positive Sentiment: Several bullish articles highlighted Palantir’s strong execution, AI infrastructure positioning, and improving earnings outlook, reinforcing the company’s long-term growth story. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Neutral Sentiment: Commentary around technical trading suggests the stock is reacting to key resistance levels and recent volatility rather than a single fundamental catalyst. Palantir Stock Just Got Rejected At A Key Moving Average: Here’s What Could Come Next
• Neutral Sentiment: Some recent coverage focused on whether Palantir’s recent strength can continue after a strong earnings report, reflecting ongoing debate about the stock’s next move. Why Is Palantir Technologies (PLTR) Up 12% Since Last Earnings Report?
• Negative Sentiment: Valuation concerns remain a major drag, with analysts arguing Palantir’s premium price already assumes aggressive growth and leaves little room for disappointment. Palantir: Strong Execution, But The Budget Ceiling Is Now Visible
• Negative Sentiment: Reuters reported UK lawmakers criticized Palantir’s role in public-sector technology, calling it an “unacceptable point of weakness,” which adds regulatory and contract risk to the story. UK lawmakers call Palantir’s role public sector an unacceptable weakness
• Negative Sentiment: Insider sales by director Lauren Elaina Friedman Stat also weighed on sentiment, reinforcing fears that some executives may see the stock as fully valued after its sharp run-up. Lauren Elaina Friedman Stat Sells 1,667 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $142.20 on Thursday. The company has a market capitalization of $340.90 billion, a PE ratio of 159.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.53. The business has a fifty day moving average price of $141.45 and a two-hundred day moving average price of $155.22. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52.

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, beating 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 during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 84.7% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLTR. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Thursday, May 21st. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. DA Davidson lowered their target price on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Company 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.