Advisors Asset Management Inc. Has $29.41 Million Stake in Palantir Technologies Inc. $PLTR

Advisors Asset Management Inc. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,233 shares of the company’s stock after acquiring an additional 15,446 shares during the period. Palantir Technologies makes up 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. Advisors Asset Management Inc.’s holdings in Palantir Technologies were worth $29,412,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC boosted its holdings in 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 purchasing an additional 4,722 shares during the period. Inspire Investing LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth $271,000. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Palantir Technologies by 18.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 10,627 shares of the company’s stock worth $1,449,000 after purchasing an additional 1,677 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir continues to report exceptional growth and investor enthusiasm around its AI/data platforms, which supports the long-term bull case. Palantir Shares Pop as Strong Growth Continues. Is It Too Late to Buy the Stock?
• Positive Sentiment: Analysis highlighting rising adoption of Palantir’s AIP/Foundry offerings reinforces expectations for continued revenue expansion. Palantir: Rising Adoption Of AIP To Drive Growth
• Neutral Sentiment: Daiwa Capital upgraded PLTR to Buy citing Q4 results that “left a positive impression,” a supportive data point—although the firm also reset its price target. Daiwa Capital Upgrades Palantir Stock (PLTR) to Buy
• Neutral Sentiment: Daiwa’s upgrade came with a lower-than-before $180 price target (upgrade but trimmed upside), a mixed signal that can limit the rally’s momentum. PLTR Price Target Cut Comes with Upgrade Over Earnings Growth Outlook
• Negative Sentiment: Numerous commentary pieces point to rich valuation and the risk of a large drawdown — a dominant theme pressuring the stock after its run-up. What’s Wrong With Palantir Technologies Stock?
• Negative Sentiment: High-profile bearish technical calls (including Michael Burry’s warning of a large drop) amplify fear and can accelerate selling or deter new buyers. Michael Burry Forecasts 58% Palantir Collapse
• Negative Sentiment: Reputational noise (a temporarily pulled Forbes profile over controversial contracts) adds short-term PR risk. Forbes temporarily pulls Palantir profile — allegedly over ICE contracts
• Negative Sentiment: Broader software/AI sector weakness and calls to “sell into strength” mean short-term flows can push PLTR lower even after beats. Why Palantir (PLTR) Stock Is Up Today and Why One Analyst Says Sell Into Strength

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. UBS Group decreased their target price on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Bank of America lifted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group reduced their target price on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Finally, Phillip Securities initiated coverage on shares of Palantir Technologies in a research note on Thursday, January 22nd. They set a “buy” rating and a $208.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $191.05.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $2,969,375.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $151.14, for a total transaction of $60,456.00. Following the completion of the sale, the director owned 58,287 shares of the company’s stock, valued at $8,809,497.18. The trade was a 0.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,844 shares of company stock valued at $167,455,085 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 2.4%

Shares of Palantir Technologies stock opened at $139.45 on Wednesday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The stock has a market capitalization of $332.37 billion, a P/E ratio of 221.35, a price-to-earnings-growth ratio of 2.74 and a beta of 1.64. The company has a 50-day simple moving average of $172.72 and a 200 day simple moving average of $173.16.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.