Palantir Technologies Inc. $PLTR Stake Lessened by Benningfield Financial Advisors LLC

Benningfield Financial Advisors LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,440 shares of the company’s stock after selling 19,900 shares during the period. Palantir Technologies makes up about 10.1% of Benningfield Financial Advisors LLC’s portfolio, making the stock its 6th largest holding. Benningfield Financial Advisors LLC’s holdings in Palantir Technologies were worth $12,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the fourth quarter worth approximately $29,000. Morton Brown Family Wealth LLC increased its position in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. Clayton Financial Group LLC raised its stake in shares of Palantir Technologies by 500.0% during the 4th 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. Finally, Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

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

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share 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 company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Palantir Technologies News Roundup

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

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Wedbush began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. UBS Group upgraded shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.85.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the business’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 in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the company’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 sale, the director directly owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. This represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,112,270 shares of company stock valued at $150,247,785. Corporate insiders own 9.53% of the company’s stock.

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.