Palantir Technologies Inc. $PLTR Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 102,567 shares of the company’s stock after acquiring an additional 4,908 shares during the period. Palantir Technologies accounts for approximately 0.8% of Lombard Odier Asset Management Switzerland SA’s portfolio, making the stock its 20th biggest position. Lombard Odier Asset Management Switzerland SA’s holdings in Palantir Technologies were worth $18,231,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $315,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.1%

PLTR stock opened at $133.25 on Wednesday. The business has a 50 day moving average price of $138.96 and a 200 day moving average price of $153.27. The stock has a market cap of $319.44 billion, a price-to-earnings ratio of 149.72, a PEG ratio of 2.14 and a beta of 1.53. Palantir Technologies Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results 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. 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 analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was up 84.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares of the company’s stock, valued at $7,757,108.80. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. 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 sold 927,270 shares of company stock valued at $126,197,785 over the last quarter. 9.53% of the stock is owned by corporate insiders.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Wolfe Research upgraded Palantir Technologies (PLTR) to Peer Perform/Hold, signaling that analysts see less downside risk and still view the company as a major AI enterprise player. This Analyst Just Upgraded Palantir Stock. Here’s Why.
• Positive Sentiment: Coverage around Palantir’s recent AI partnerships and customer deployments at AIPCon 10 continues to support the bullish long-term AI-growth narrative. Will New AI Partnerships And Governance Votes At AIPCon 10 Change Palantir Technologies’ (PLTR) Narrative
• Neutral Sentiment: Some commentary says Palantir remains a leading enterprise AI software provider, but investors are still debating whether the stock’s recent pullback has made the valuation more reasonable. Palantir Technologies (PLTR) Stock Could Be 25.9% Overvalued After AI Rally
• Neutral Sentiment: Insider selling by Jeffrey Buckley was disclosed, but it was a small sale executed under a pre-arranged 10b5-1 plan, so it is more of a sentiment signal than a major fundamental change. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: France’s domestic spy agency is reportedly dropping Palantir in favor of a local rival, adding to concerns that European governments may prefer domestic providers for sensitive data projects. French domestic spy agency ditches Palantir for local rival, PM says
• Negative Sentiment: Palantir also lost a Swiss legal challenge tied to government contract scrutiny and data-sovereignty issues, reinforcing regulatory and political risk in Europe. Palantir (PLTR) Faces Swiss Legal Loss And French Contract Exit In Europe
• Negative Sentiment: Analyst commentary also points to Palantir’s still-stretched valuation, which is limiting upside even after the company’s strong AI momentum and recent upgrades. There’s a Catch,’ Says Top Analyst About Palantir (PLTR) Stock

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday. They set a “peer perform” rating for the company. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday. 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. Finally, Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

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.