LM Advisors LLC Sells 32,384 Shares of Palantir Technologies Inc. $PLTR

Posted by George Bondi on Jun 14th, 2026

LM Advisors LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 82.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,074 shares of the company’s stock after selling 32,384 shares during the quarter. Palantir Technologies makes up about 0.7% of LM Advisors LLC’s holdings, making the stock its 20th biggest holding. LM Advisors LLC’s holdings in Palantir Technologies were worth $1,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bare Financial Services Inc increased its stake in shares of 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 buying an additional 55 shares during the period. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the fourth quarter valued at about $29,000. Morton Brown Family Wealth LLC boosted 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. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the fourth quarter valued at about $31,000. Finally, United Financial Planning Group LLC bought a new stake in Palantir Technologies during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $127.99 on Friday. The company has a market cap of $306.83 billion, a PE ratio of 143.81, a P/E/G ratio of 2.03 and a beta of 1.53. The business has a 50-day simple moving average of $139.54 and a two-hundred day simple moving average of $153.76. Palantir Technologies Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent research reports. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Wednesday, May 6th. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Friday, June 5th. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a report on Friday, June 5th. Finally, Mizuho lowered their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

View Our Latest Stock Report on Palantir Technologies

Insider Activity

In related news, insider Jeffrey Buckley sold 830 shares of Palantir Technologies stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $137.41, for a total transaction of $114,050.30. Following the completion of the transaction, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies 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 $22,516,524.56. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This represents a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is owned by insiders.

Palantir Technologies Company Profile

(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.