King Luther Capital Management Corp Has $18.40 Million Stock Position in Palantir Technologies Inc. $PLTR

Posted by Francis Steltz on May 28th, 2026

King Luther Capital Management Corp raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 34.5% during the fourth quarter, Holdings Channel reports. The firm owned 103,541 shares of the company’s stock after buying an additional 26,577 shares during the period. King Luther Capital Management Corp’s holdings in Palantir Technologies were worth $18,404,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Employees Retirement System of Texas boosted its holdings in Palantir Technologies by 4,600.0% during the fourth quarter. Employees Retirement System of Texas now owns 25,474 shares of the company’s stock valued at $4,528,000 after purchasing an additional 24,932 shares in the last quarter. Expressive Wealth LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $1,317,000. Steel Grove Capital Advisors LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $512,000. Williamson Legacy Group LLC boosted its holdings in shares of Palantir Technologies by 0.9% in the 4th quarter. Williamson Legacy Group LLC now owns 20,411 shares of the company’s stock worth $3,628,000 after acquiring an additional 179 shares in the last quarter. Finally, Roundview Capital LLC boosted its holdings in shares of Palantir Technologies by 30.2% in the 4th quarter. Roundview Capital LLC now owns 11,126 shares of the company’s stock worth $1,978,000 after acquiring an additional 2,581 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

Positive Sentiment: Several articles highlighted Palantir’s strong AI momentum and enterprise adoption, arguing the recent pullback could be a buying opportunity as demand for its AI Platform remains strong. Palantir Stock Is Down 34% from Its Highs. Don’t Miss This Chance to Buy the Dip.
Positive Sentiment: Analyst-style coverage also noted Palantir’s growing government and enterprise traction, with some comparisons favoring PLTR over other AI-first software names. Palantir vs. UiPath: Which AI-First Software Stock is a Buy?
Positive Sentiment: Some coverage said Palantir is still not showing enough evidence for a bearish case, implying the selloff may be overdone relative to the company’s operating performance. Palantir: Still Not Enough Evidence For A Sell Case Here

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Robert W. Baird raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Tuesday, February 3rd. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Tuesday, May 5th. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

Get Our Latest Stock Report on Palantir Technologies

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares in the company, valued at $51,047,921.68. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares of the company’s stock, valued at $27,175,214.36. This trade represents a 8.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 922,524 shares of company stock worth $125,501,302 over the last ninety days. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

PLTR stock opened at $132.51 on Thursday. The company has a 50 day moving average price of $141.86 and a 200 day moving average price of $156.37. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The stock has a market capitalization of $317.67 billion, a PE ratio of 148.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company posted $0.13 EPS. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

About Palantir Technologies

(Free Report)

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.