Legacy Capital Group California Inc. Acquires 10,628 Shares of Palantir Technologies Inc. $PLTR

Legacy Capital Group California Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 266.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,617 shares of the company’s stock after buying an additional 10,628 shares during the quarter. Palantir Technologies makes up approximately 0.6% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 27th largest holding. Legacy Capital Group California Inc.’s holdings in Palantir Technologies were worth $2,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the period. Financial Consulate Inc. bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $30,000. United Financial Planning Group LLC bought a new position in shares of Palantir Technologies in the third quarter worth $32,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth $32,000. Finally, Morton Brown Family Wealth LLC boosted its stake 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 buying an additional 125 shares during the period. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by corporate insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir signed a $300 million Blanket Purchase Agreement with the U.S. Department of Agriculture to modernize farm programs and national farm-security systems — a sizable, recurring-government revenue opportunity that directly supports the company’s government backlog and helped lift the stock. USDA and Palantir sign $300 million software purchase agreement
• Positive Sentiment: DZ Bank AG initiated coverage with a “Buy” rating and a $175 price target, signaling institutional support and implying meaningful upside from current levels.
• Positive Sentiment: Reports that the Department of Defense is pursuing large funding for Palantir’s Maven Smart System (cited as a $2.3B request) add to the narrative of expanding DoD demand for Palantir products. Palantir Stock: DOD Seeks ‘Massive’ $2.3 Billion Funding For Maven System
• Neutral Sentiment: Palantir’s ecosystem is expanding: a new specialist firm, Vanyar, launched to focus on Palantir Foundry and AIP implementations, which may accelerate enterprise deployments but is an indirect catalyst. Palantir and AIP Specialist Firm, Vanyar, Launches
• Neutral Sentiment: Political endorsement headlines (e.g., a presidential mention) are drawing attention but have limited direct impact on fundamentals; Wall Street remains cautious. Trump Backs Palantir (PLTR) Stock, But Wall Street Isn’t Convinced
• Negative Sentiment: CEO Alex Karp’s 22-point manifesto has provoked public and political backlash (UK lawmakers and media criticism), raising reputational and long-term government-relations risk that could complicate some contract prospects. Palantir published a mini manifesto
• Negative Sentiment: Valuation concerns persist: commentary and analysis (price-target trims, warnings about overstretch) highlight a very high P/E and the risk that optimism about AI/government wins is already priced in. Some outlets argue the stock still looks rich or vulnerable to a pullback. Is Palantir Stock Still Overvalued?
• Negative Sentiment: Notes about insider selling and analyst caution (e.g., price-target cuts from some firms) temper the upside case and may pressure sentiment after the run-up. Palantir Stock Pops on USDA Deal. Should You Buy PLTR Stock Here?

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $148.68 on Thursday. Palantir Technologies Inc. has a 1 year low of $100.91 and a 1 year high of $207.52. The stock has a market capitalization of $355.60 billion, a P/E ratio of 237.60, a P/E/G ratio of 2.81 and a beta of 1.68. The company’s 50-day moving average is $144.25 and its 200 day moving average is $164.28.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a research note on Thursday, January 22nd. The Goldman Sachs Group reduced their target price on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Tuesday, February 3rd. Phillip Securities cut their price target on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Mizuho reduced their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.35.

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.