China Universal Asset Management Co. Ltd. Grows Stake in Palantir Technologies Inc. $PLTR

China Universal Asset Management Co. Ltd. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,715 shares of the company’s stock after purchasing an additional 5,026 shares during the quarter. Palantir Technologies accounts for 1.3% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 14th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $15,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PLTR. Mendel Money Management purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $202,000. Berkeley Capital Partners LLC lifted its position in shares of Palantir Technologies by 20.2% during the third quarter. Berkeley Capital Partners LLC now owns 1,908 shares of the company’s stock worth $348,000 after purchasing an additional 320 shares in the last quarter. Wharton Business Group LLC purchased a new position in shares of Palantir Technologies in the third quarter valued at $265,000. New Millennium Group LLC grew its holdings in Palantir Technologies by 329.8% during the 3rd quarter. New Millennium Group LLC now owns 55,929 shares of the company’s stock valued at $10,203,000 after purchasing an additional 42,917 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in Palantir Technologies in the 3rd quarter worth $111,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Truist Financial began coverage on Palantir Technologies in a research report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price on the stock. Citigroup raised their price target on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $191.05.

Palantir Technologies Trading Down 0.4%

Shares of NASDAQ PLTR opened at $134.89 on Friday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a market cap of $321.50 billion, a price-to-earnings ratio of 214.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.64. The stock’s 50 day simple moving average is $165.85 and its 200 day simple moving average is $171.76.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates 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 for the quarter was up 70.0% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Mizuho upgraded PLTR to Outperform with a $195 target, signaling renewed analyst confidence in Palantir’s AI-driven revenue trajectory and providing a tangible bullish catalyst for buyers. Mizuho Upgrade
• Positive Sentiment: Strategic partnership with Rackspace to accelerate enterprise deployments of Palantir Foundry and AIP — this could ease customer implementation bottlenecks, expand reach into regulated sectors, and support faster revenue realization. Rackspace Partnership
• Positive Sentiment: Palantir won a DoD authorization for its Palantir Federal Cloud Service (PFCS) Forward that reduces red tape for expanding DoD use cases — improves defense TAM visibility and could accelerate government deployments. DoD Authorization
• Neutral Sentiment: Headquarters moved from Denver to Miami — the shift is consistent with other tech relocations for tax/regulatory benefits; strategically neutral but may help talent/operating costs over time. HQ Move
• Neutral Sentiment: Market/positioning signals are mixed: unusual put-option flows and heavy analyst debate suggest traders are both hedging and speculating on a reversal — could create short-term volatility. Options Activity
• Negative Sentiment: Michael Burry and others have publicly criticized Palantir after digging into filings — his high-profile bearish commentary adds headline risk and can pressure sentiment. Burry Criticism
• Negative Sentiment: CEO Alex Karp’s reported $17.2M private-jet travel tab and extensive insider selling raise governance and optics concerns that can weigh on investor confidence despite strong fundamentals. Jet Spending / Optics

Insider Activity

In related news, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares in the company, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,100 shares of company stock worth $10,576,379 in the last quarter. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.