Argos Wealth Advisors LLC Invests $1.97 Million in Palantir Technologies Inc. $PLTR

Argos Wealth Advisors LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,102 shares of the company’s stock, valued at approximately $1,973,000. Palantir Technologies makes up about 0.6% of Argos Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors have also made changes to their positions in the company. Bare Financial Services Inc grew its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. United Financial Planning Group LLC purchased a new position in Palantir Technologies during the third quarter valued at approximately $32,000. Flagship Wealth Advisors LLC purchased a new position in Palantir Technologies during the third quarter valued at approximately $32,000. Morton Brown Family Wealth LLC grew its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Finally, Clayton Financial Group LLC grew its position in Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 168,004 shares of the company’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 $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,029,479 shares of company stock worth $137,685,797. Corporate insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PLTR shares. Oppenheimer started coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price for the company. Loop Capital decreased their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Finally, Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Palantir Technologies Trading Down 0.7%

Shares of Palantir Technologies stock opened at $136.00 on Wednesday. The firm has a fifty day simple moving average of $145.58 and a 200-day simple moving average of $160.69. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52. The stock has a market capitalization of $325.27 billion, a price-to-earnings ratio of 152.81, a PEG ratio of 2.17 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $0.13 earnings per share. Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir expanded its AI and defense cooperation with Ukraine, including deeper use of battlefield data and the Brave1 Dataroom project, reinforcing the company’s growth narrative in defense AI. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
• Positive Sentiment: Phillip Securities raised its price target on Palantir and reiterated a bullish view after the company’s strong Q1 results, adding to a cluster of upbeat analyst notes. Analyst Reiterates Buy on Palantir as Explosive Earnings Momentum and AI Traction Drive DCF-Based Price Target Up to $202
• Positive Sentiment: Argus Research said Palantir’s revenue growth is accelerating and raised its outlook, signaling confidence in the company’s post-earnings momentum. Argus Research Highlights Accelerating Revenue Growth at Palantir Technologies
• Neutral Sentiment: Several recent articles frame Palantir as a long-term AI and defense winner, but they mostly reinforce existing optimism rather than introduce a new catalyst. Massive News for Palantir Stock Investors
• Negative Sentiment: Despite strong fundamentals, several reports note that the stock has been under pressure because its valuation is still very demanding and investors may be disappointed when results, however strong, do not exceed sky-high expectations. Should You Really Ignore Palantir’s Steep Valuation and Buy the Stock? Here’s What History Says.
• Negative Sentiment: Another article pointed to renewed scrutiny over Palantir’s NHS data access, which could add reputational or regulatory overhang even if it is not the main trading driver today. Palantir faces renewed scrutiny over NHS data access

Palantir Technologies Company 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.