Argus Research Downgrades Palantir Technologies (WBAG:PLTR)

Fintel reports that on November 7, 2024, Argus Research downgraded their outlook for Palantir Technologies (WBAG:PLTR) from Buy to Hold.

What is the Fund Sentiment?

There are 1,798 funds or institutions reporting positions in Palantir Technologies. This is an increase of 205 owner(s) or 12.87% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.36%, an increase of 18.77%. Total shares owned by institutions increased in the last three months by 6.05% to 969,088K shares.

What are Other Shareholders Doing?

AT:PLTR / Palantir Technologies Inc. Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 63,954K shares representing 2.99% ownership of the company. In its prior filing, the firm reported owning 63,057K shares , representing an increase of 1.40%. The firm increased its portfolio allocation in PLTR by 8.57% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 43,084K shares representing 2.01% ownership of the company. In its prior filing, the firm reported owning 43,303K shares , representing a decrease of 0.51%. The firm increased its portfolio allocation in PLTR by 13.07% over the last quarter.

Renaissance Technologies holds 39,515K shares representing 1.84% ownership of the company. In its prior filing, the firm reported owning 47,355K shares , representing a decrease of 19.84%. The firm decreased its portfolio allocation in PLTR by 0.87% over the last quarter.

Geode Capital Management holds 31,349K shares representing 1.46% ownership of the company. In its prior filing, the firm reported owning 29,463K shares , representing an increase of 6.01%. The firm increased its portfolio allocation in PLTR by 11.06% over the last quarter.

VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 30,059K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 28,750K shares , representing an increase of 4.36%. The firm increased its portfolio allocation in PLTR by 19.56% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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