VMS Asset Management Limited Takes $5.41 Million Position in Palantir Technologies Inc. $PLTR

VMS Asset Management Limited purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,430 shares of the company’s stock, valued at approximately $5,409,000.

Other large investors have also recently modified their holdings of the company. Bare Financial Services Inc raised its stake 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 during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $29,000. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth $32,000. Morton Brown Family Wealth LLC increased its position in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Finally, Clayton Financial Group LLC increased its position in shares of Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after buying an additional 150 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.4%

NASDAQ:PLTR opened at $141.70 on Friday. The stock 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. The firm has a fifty day simple moving average of $141.19 and a two-hundred day simple moving average of $154.99. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent analyst reports. Oppenheimer initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective for the company. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. Citigroup increased their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Mizuho decreased their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Finally, Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.76.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s expanded Google Cloud partnership and multiple AIPCon customer wins highlight growing adoption of its AI software across enterprise customers, which can support revenue growth and sentiment. 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 new partnerships with Kirkland & Ellis, McCarthy Building, and GNP Seguros reinforce Palantir’s ability to land high-profile commercial customers and expand existing relationships. McCarthy and Palantir Announce Strategic Partnership to Bring AI to the Construction Field and Beyond
• Neutral Sentiment: Commentary pieces comparing Palantir with other AI winners and discussing its valuation may keep traders focused on the stock’s rich multiple rather than just the growth story. Palantir or Oracle? AI Analyst and Wall Street Pick Different Winners
• Negative Sentiment: Fresh skepticism from Michael Burry and other valuation-focused articles are pressuring sentiment, with critics arguing the stock still looks expensive after a huge run. Michael Burry Takes Aim at Palantir Stock Again, But He’s Missing the Bigger Picture
• Negative Sentiment: Reports that Palantir’s NHS deal is facing criticism from UK parliamentarians add headline risk around government contracts and public scrutiny. Palantir’s £330M NHS deal faces criticism from UK parliamentarians

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 830 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 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 $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. The trade was a 20.48% 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. 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 corporate insiders.

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.