the latest news palantirTechnologies

Here are the latest developments regarding Palantir Technologies as of May 30, 2025:

Major Partnerships and Government Contracts

1. Fannie Mae Collaboration: Palantir has partnered with Fannie Mae to combat mortgage fraud using artificial intelligence. This initiative involves the launch of a new Crime Detection Unit aimed at enhancing fraud detection in the U.S. housing market.

2. U.S. Government Data Integration: The U.S. government has selected Palantir as a key data analysis partner. The company will assist in organizing personal data across agencies such as the Department of Homeland Security and the Internal Revenue Service.

3. Defense Department Engagement: Palantir's Maven Smart System (MSS), an AI-powered data analytics platform used in military targeting, has seen a significant budget increase from $480 million to $1.275 billion. This expansion reflects strong adoption by U.S. Combatant Commands.

4. NATO Acquisition: NATO has acquired Palantir's AI-powered military system, MSS Nato, to enhance battlefield data analysis and decision-making capabilities.

Stock Performance

Palantir's stock (NASDAQ: PLTR) has experienced notable growth:

• Current Price: $125.04 up 2.72% from the previous close.

• Year-to-Date Increase: Approximately 72%, with a 150% surge since the 2024 election.

• Analyst Sentiment: Despite the stock's rise, 17 out of 20 brokerages maintain "hold" or worse ratings, indicating cautious optimism.

⚠️ Insider Activity

Recent reports indicate that top executives, including CEO Alex Karp, have been selling PLTR shares. While insider selling can be routine, it has raised questions among investors about the company's valuation and future prospects.