Cache Advisors LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,954 shares of the company’s stock after selling 50,401 shares during the period. Palantir Technologies accounts for about 1.3% of Cache Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Cache Advisors LLC’s holdings in Palantir Technologies were worth $10,657,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp raised its stake in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Invesco Ltd. raised its stake in shares of Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares in the last quarter. Northern Trust Corp raised its stake in shares of Palantir Technologies by 3.8% during the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after purchasing an additional 769,238 shares in the last quarter. Finally, Amundi raised its stake in shares of Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. Weiss Ratings cut Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $197.77.
Insider Activity
In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the sale, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by company insiders.
Palantir Technologies Stock Performance
NASDAQ PLTR opened at $140.76 on Thursday. The stock has a market capitalization of $336.65 billion, a P/E ratio of 223.43, a P/E/G ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a 1 year low of $77.27 and a 1 year high of $207.52. The business’s fifty day moving average is $144.76 and its two-hundred day moving average is $167.09.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: DevCon5 investor commentary portrayed Palantir as an active disruptor with product momentum and AIP adoption that can support enterprise expansion. Palantir: DevCon5 Shows A Disruptor, Not The Disrupted
- Positive Sentiment: Ming Tang, NHS data chief, is pushing for a deeper rollout of Palantir’s platform in England and described results as “outstanding,” which supports continued public-sector revenue potential despite political pushback. NHS data chief pushes for deeper rollout of Palantir technology despite outcry
- Positive Sentiment: Some Wall Street coverage remains bullish (one analyst forecasts a $230 target), reinforcing the narrative that Palantir could justify a premium if AIP converts pilots into large deals. Will Palantir Reach $230 Per Share? This Wall Street Analyst Thinks So.
- Neutral Sentiment: Macro-driven premarket strength tied to a ceasefire announcement briefly lifted PLTR earlier in the session, showing the stock remains sensitive to market-wide risk tone. Why Is Palantir Stock Gaining Wednesday?
- Negative Sentiment: Famed investor Michael Burry posted criticisms of Palantir’s competitive stance and disclosed bearish positions; that social-media hit is the immediate sell catalyst and amplified short-term downside pressure. Why Palantir Technologies Stock Tanked on Wednesday
- Negative Sentiment: Analysts and outlets flagged valuation concerns and UK ethical scrutiny (NHS staff boycotts, defense ties), creating an overhang that makes the stock vulnerable to any negative headlines. Palantir Falls 5% While Tech Stocks Climb: Valuation Concerns and UK Scrutiny Weigh on the AI Darling
- Negative Sentiment: One analyst warned against buying the dip, citing Burry’s comments and execution/valuation risk — increasing the chance of continued volatility until clarity around AIP deal conversions arrives. Why Palantir Stock (PLTR) Is Down Today and Why One Analyst Warns Against Jumping In Too Soon
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.
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