HB Wealth Management LLC Buys 7,666 Shares of Palantir Technologies Inc. $PLTR

HB Wealth Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,614 shares of the company’s stock after buying an additional 7,666 shares during the period. HB Wealth Management LLC’s holdings in Palantir Technologies were worth $14,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC raised its stake in Palantir Technologies by 57.3% during the 1st quarter. Moran Wealth Management LLC now owns 3,867 shares of the company’s stock worth $566,000 after buying an additional 1,409 shares during the period. Plimoth Trust Co. LLC grew its stake in Palantir Technologies by 77.5% in the first quarter. Plimoth Trust Co. LLC now owns 6,582 shares of the company’s stock valued at $963,000 after acquiring an additional 2,873 shares during the period. Altus Wealth Group LLC acquired a new stake in Palantir Technologies in the first quarter valued at approximately $203,000. Leelyn Smith LLC grew its stake in Palantir Technologies by 29.9% in the first quarter. Leelyn Smith LLC now owns 15,451 shares of the company’s stock valued at $2,260,000 after acquiring an additional 3,553 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Palantir Technologies by 8.6% during the first quarter. PFG Investments LLC now owns 111,269 shares of the company’s stock valued at $16,276,000 after acquiring an additional 8,830 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: D.A. Davidson upgraded Palantir Technologies (PLTR) to Buy and raised its price target to $175, arguing the company’s AI orchestration platform is increasingly valuable for enterprises and may be better positioned than OpenAI or Anthropic for business use cases. Article Title
• Positive Sentiment: Palantir’s partnership with Nvidia to deliver AI capabilities for government customers is being viewed as a potential game-changer that could deepen enterprise and public-sector demand. Article Title
• Positive Sentiment: Analysts and commentators highlighted Palantir’s strong revenue growth, improving profitability, and “Rule of 40” expansion, reinforcing the view that fundamentals are catching up with the stock’s AI premium. Article Title
• Positive Sentiment: Palantir CEO Alex Karp’s recent comments framing enterprise AI as a trust and IP-protection problem are supporting the bull case that Palantir’s secure software stack is the “oxygen” of enterprise AI. Article Title
• Neutral Sentiment: Palantir remains a highly watched “meme-like” AI stock on Robinhood and in market commentary, which can amplify volatility but does not by itself change the business outlook. Article Title
• Negative Sentiment: Despite the rebound, some coverage continues to emphasize Palantir’s still-rich valuation and the fact that the stock had a difficult start to 2026, which could limit upside if execution slows. Article Title

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Jeffrey Buckley sold 1,481 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the sale, the insider owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 927,270 shares of company stock valued at $126,197,785 in the last three months. 9.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 6th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. DA Davidson upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $175.00 in a report on Thursday. Finally, Benchmark lowered shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.85.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $129.30 on Friday. The firm has a 50-day moving average of $133.62 and a 200-day moving average of $148.30. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company has a market cap of $309.97 billion, a P/E ratio of 145.28, a P/E/G ratio of 2.08 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 1.16 earnings per share 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.