Palantir Technologies Inc. $PLTR Shares Bought by Deutsche Bank AG
by Michael Walen · The Markets DailyDeutsche Bank AG raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,011,757 shares of the company’s stock after purchasing an additional 1,134,420 shares during the quarter. Palantir Technologies comprises approximately 0.6% of Deutsche Bank AG’s holdings, making the stock its 18th biggest holding. Deutsche Bank AG’s holdings in Palantir Technologies were worth $1,957,340,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bare Financial Services Inc raised its stake 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 valued at $28,000 after acquiring an additional 55 shares during the period. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC raised its stake 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 valued at $31,000 after acquiring an additional 125 shares during the period. United Financial Planning Group LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $32,000. Finally, Clayton Financial Group LLC raised its stake 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 valued at $32,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir announced new AI-driven commercial partnerships, including a proprietary platform with Kirkland & Ellis to streamline private equity fundraising and a multi-year strategic AI partnership with McCarthy Building Companies. These deals reinforce Palantir’s push to expand AIP adoption beyond government customers. Article Title Article Title
- Positive Sentiment: Analysts and bulls continue to argue that Palantir’s AI “operating layer” is creating durable enterprise value, and Wedbush reiterated a bullish $230 price target after the company’s AI event. Article Title Article Title
- Neutral Sentiment: Palantir shareholders backed management at the annual meeting and rejected ESG proposals, which removes a governance distraction but is unlikely to materially change the near-term investment case. Article Title
- Negative Sentiment: Recent coverage emphasizes that PLTR is still trading at a very rich multiple, and some commentators say the stock is falling because investors are questioning whether growth can justify the valuation after a big year-to-date pullback. Article Title Article Title
- Negative Sentiment: There is also fresh macro and political overhang from the U.K. reviewing Palantir’s NHS contract amid pressure to use a break clause, plus renewed concerns about potential government control or nationalization risk in AI. These headlines could weigh on sentiment, especially for a company with meaningful public-sector exposure. Article Title Article Title
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on PLTR. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Friday, June 5th. Phillip Securities raised their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Tuesday, February 10th. Citigroup raised their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $192.76.
View Our Latest Research Report on Palantir Technologies
Insider Activity
In other news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the sale, the director directly owned 55,022 shares of the company’s stock, valued at $8,803,520. The trade was a 2.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 925,789 shares of company stock worth $126,007,032 over the last three months. 9.53% of the stock is currently owned by corporate insiders.
Palantir Technologies Price Performance
Palantir Technologies stock opened at $132.07 on Wednesday. Palantir Technologies Inc. has a 12-month low of $122.68 and a 12-month high of $207.52. The company has a market capitalization of $316.61 billion, a price-to-earnings ratio of 148.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.53. The firm’s fifty day moving average price is $140.36 and its 200 day moving average price is $154.29.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. Analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.
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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