Aspen Investment Management Inc Raises Stake in Palantir Technologies Inc. $PLTR

Aspen Investment Management Inc increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,010.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,902 shares of the company’s stock after buying an additional 12,650 shares during the period. Aspen Investment Management Inc’s holdings in Palantir Technologies were worth $2,471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Bare Financial Services Inc boosted its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. Morton Brown Family Wealth LLC boosted its holdings in shares of Palantir Technologies by 250.0% in the 4th 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 last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $32,000. United Financial Planning Group LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $32,000. Finally, Clayton Financial Group LLC boosted its holdings in shares of Palantir Technologies by 500.0% in 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 last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLTR. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s latest quarter was described as a record performance, with about 85% revenue growth, expanding margins, and a strong cash position, reinforcing the view that the company’s fundamentals remain exceptional despite the stock’s recent slide. The Palantir Paradox—Record Numbers and a Stock That Won’t Cooperate
• Positive Sentiment: Analysts and commentators highlighted Palantir’s growing customer base and rising U.S. commercial adoption, suggesting the company’s enterprise AI expansion is still gaining momentum. PLTR’s Customer Growth Momentum Strengthens Enterprise AI Expansion
• Positive Sentiment: Some investors see global tensions and rising defense demand as a tailwind for Palantir, since the company’s government and national-security software is viewed as increasingly strategic in a more chaotic world. Palantir stock gets surprising boost from global tensions
• Neutral Sentiment: Several pieces focused on whether PLTR is still a buy after its drop, emphasizing that the recent weakness may reflect an already-high starting valuation more than a deterioration in the underlying business. Is Palantir Stock a Buy?
• Neutral Sentiment: Palantir also received continued media coverage around its premium valuation and comparisons with other AI names, keeping the debate centered on price versus growth rather than on any new negative business development. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story
• Neutral Sentiment: Benchmark reportedly kept a Hold rating after Palantir’s record quarter, which suggests the market still sees upside potential but remains cautious about the stock’s elevated price. Palantir (PLTR) Reports Record Quarter, Benchmark Maintains Hold Rating
• Negative Sentiment: Bearish commentary continues to warn that Palantir’s valuation is stretched and that AI labs such as OpenAI and Anthropic could challenge parts of its software narrative over time. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story
• Negative Sentiment: Other articles pointed out that PLTR still trades well below its recent highs, underscoring that investors are re-rating the stock after a powerful prior run. Here’s What I Think Is Going on With Palantir Stock After Its Recent Slide

Palantir Technologies Trading Up 1.4%

PLTR stock opened at $137.15 on Thursday. The company’s 50 day moving average is $143.45 and its 200 day moving average is $158.35. The stock has a market cap of $328.79 billion, a price-to-earnings ratio of 154.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.52. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion for 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%. Palantir Technologies’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,029,479 shares of company stock valued at $137,685,797 in the last 90 days. 9.53% of the stock is owned by company 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.