LFG Wealth Partners LLC Purchases Shares of 4,312 Palantir Technologies Inc. $PLTR

LFG Wealth Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,312 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors have also recently made changes to their positions in the company. Sienna Gestion raised its position in shares of Palantir Technologies by 75.2% in the fourth quarter. Sienna Gestion now owns 8,323 shares of the company’s stock worth $1,498,000 after buying an additional 3,573 shares in the last quarter. TritonPoint Partners LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $635,000. Truvestments Capital LLC raised its holdings in shares of Palantir Technologies by 7.3% in the 4th quarter. Truvestments Capital LLC now owns 13,609 shares of the company’s stock valued at $2,419,000 after acquiring an additional 931 shares in the last quarter. USS Investment Management Ltd grew its holdings in shares of Palantir Technologies by 0.5% during the fourth quarter. USS Investment Management Ltd now owns 333,595 shares of the company’s stock worth $59,300,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Zinnia Wealth Advisory LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $221,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Investors are bidding up Palantir on continued enthusiasm for AI software demand, with articles highlighting the company’s strong growth story and its positioning in AI security and analytics. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Coverage also notes that Palantir remains debt-free and is still producing solid financial results, which supports the bullish case that the company has the balance-sheet strength to keep investing in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday trading commentary says Palantir rose as investors piled into AI and cybersecurity-related names during a broad risk-on rally, suggesting sector momentum is helping the stock. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several pieces simply note that Palantir is drawing heavy investor attention and searching interest, which reflects strong market focus but does not by itself change the fundamentals. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One article frames Palantir as trading near its 52-week low and asks whether it is a buy, reinforcing that sentiment is still split even after strong long-term AI enthusiasm. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Analysts and commentary also point to ongoing pressure from profit-taking and the stock’s weak year-to-date performance, suggesting some investors remain cautious after a big run-up and subsequent pullback. Palantir Wows Retail Traders With Q1 Revenue Beat And Guidance Hike, But Stock Drops Amid Profit-Taking
• Negative Sentiment: A separate report highlights a Swiss court defeat and broader European data-sovereignty and contract risks, which could weigh on sentiment around Palantir’s international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the sale, the director directly owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 927,270 shares of company stock valued at $126,197,785. Company insiders own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. 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. Benchmark initiated coverage on shares of Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating for the company. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $205.00 to $151.00 in a report on Friday, May 1st. DZ Bank assumed coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Finally, DA Davidson reduced their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Stock Performance

PLTR opened at $134.71 on Tuesday. The stock has a market capitalization of $322.94 billion, a PE ratio of 151.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The stock’s 50 day moving average price is $139.26 and its 200-day moving average price is $153.49. Palantir Technologies Inc. has a 52-week low of $122.68 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Palantir Technologies’s quarterly revenue was up 84.7% on a year-over-year basis. Research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS 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.