HB Wealth Management LLC Acquires 12,253 Shares of Palantir Technologies Inc. $PLTR

HB Wealth Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.0% during the fourth quarter, HoldingsChannel reports. The fund owned 88,948 shares of the company’s stock after purchasing an additional 12,253 shares during the quarter. HB Wealth Management LLC’s holdings in Palantir Technologies were worth $15,811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Morton Brown Family Wealth LLC raised its position in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Caprock Group LLC raised its position in Palantir Technologies by 4.2% during the 4th quarter. Caprock Group LLC now owns 200,232 shares of the company’s stock worth $35,591,000 after purchasing an additional 8,078 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in Palantir Technologies by 1.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 59,836 shares of the company’s stock worth $10,636,000 after purchasing an additional 625 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in Palantir Technologies by 1.6% during the 4th quarter. KLP Kapitalforvaltning AS now owns 862,000 shares of the company’s stock worth $153,220,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in Palantir Technologies by 1.6% during the 4th quarter. Bedel Financial Consulting Inc. now owns 9,041 shares of the company’s stock worth $1,607,000 after purchasing an additional 140 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $152.62 on Thursday. Palantir Technologies Inc. has a one year low of $97.83 and a one year high of $207.52. The stock’s 50-day moving average is $144.25 and its 200 day moving average is $164.28. The firm has a market cap of $365.02 billion, a price-to-earnings ratio of 242.26, a PEG ratio of 2.81 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 1.05 EPS for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Secured a $300 million Blanket Purchase Agreement with the U.S. Department of Agriculture to modernize farm services and support national farm security — a sizable, non‑dilutive government revenue stream that reinforces Palantir’s government bookings. USDA and Palantir sign $300 million software purchase agreement
• Positive Sentiment: Reports that the Department of Defense is seeking large funding (~$2.3B) for the Maven Smart System bolster expectations for additional defense-related revenue and deepen PLTR’s DoD ties. Palantir Stock: DOD Seeks ‘Massive’ $2.3 Billion Funding For Maven System
• Positive Sentiment: Recent results and commentary (70% revenue surge referenced in news flow) keep growth narrative intact, giving investors confidence that top-line acceleration can justify premium multiples if execution continues. Palantir Rallies 4% as 70% Revenue Surge Overshadows Mizuho Price Target Cut
• Positive Sentiment: Analyst support remains mixed but includes bullish views (e.g., William Blair reiterating buy stance), which can sustain investor interest despite valuation debate. Deepening DoD Ties and Maven Smart System Growth Underpin Palantir Buy Rating Despite Valuation Risk
• Neutral Sentiment: Launch of Vanyar, a specialist firm focused on Palantir Foundry and AIP, could accelerate enterprise deployments but is early-stage and its impact is uncertain. Palantir and AIP Specialist Firm, Vanyar, Launches
• Neutral Sentiment: Some brokers maintain neutral ratings (DA Davidson reiterated a neutral view with a $180 target), indicating mixed analyst conviction despite strong growth. Is Palantir Technologies Inc. (PLTR) One of the Top Software Stocks?
• Negative Sentiment: CEO Alex Karp’s 22‑point manifesto has sparked controversy and political backlash (UK lawmakers, social media), adding reputational and regulatory risk that could weigh on sentiment. Palantir published a mini manifesto calling some cultures ‘harmful and middling’ and said Silicon Valley has ‘a moral debt’ to the U.S.
• Negative Sentiment: Valuation remains a recurring concern—some commentators warn of downside and analysts (e.g., Mizuho) trimmed targets—meaning rallies may be capped until multiples reprice or earnings visibility improves. Prediction: Palantir Stock Could Fall 80% Further

Analyst Ratings Changes

Several analysts recently commented on PLTR shares. Loop Capital reduced their target price on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. UBS Group upped their target price on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 25th. Finally, Mizuho lowered their target price on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.32.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the business’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 $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the firm’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 $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is currently owned by insiders.

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.