Ibex Wealth Advisors Has $26.70 Million Position in Palantir Technologies Inc. $PLTR

Ibex Wealth Advisors trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 182,544 shares of the company’s stock after selling 6,900 shares during the quarter. Palantir Technologies comprises approximately 2.5% of Ibex Wealth Advisors’ portfolio, making the stock its 5th biggest position. Ibex Wealth Advisors’ holdings in Palantir Technologies were worth $26,703,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $29,000. Morton Brown Family Wealth LLC lifted 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 during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $31,000. United Financial Planning Group LLC purchased a new stake in Palantir Technologies in the third quarter worth approximately $32,000. Finally, Clayton Financial Group LLC grew its position in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director owned 55,022 shares of the company’s stock, valued at $8,803,520. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company’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 $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% 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. Insiders sold a total of 1,112,270 shares of company stock worth $150,247,785 in the last ninety days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $129.04 on Friday. The stock has a 50-day simple moving average of $132.81 and a two-hundred day simple moving average of $146.54. The firm has a market capitalization of $309.35 billion, a PE ratio of 144.99, a P/E/G ratio of 2.11 and a beta of 1.56. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLTR. Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Benchmark cut Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research report on Tuesday, May 5th. Finally, Citigroup raised their target price on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $190.85.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir expanded its partnership with GNP Seguros, marking its first publicly announced commercial customer in Latin America and reinforcing momentum in its enterprise AI rollout. Palantir Technologies (PLTR) Expands Partnership with GNP Seguros
• Positive Sentiment: Palantir also announced a broader strategic partnership with Rackspace and SNP to accelerate enterprise AI and SAP transformations, highlighting continued commercial expansion. Rackspace Technology Launches Operating Framework with Palantir for Regulated Enterprises to Accelerate Enterprise AI in Production
• Positive Sentiment: Several analyst-style articles argue that Palantir still has upside because of strong financial results, accelerating growth, and sticky AI software that is hard to replicate. Here’s How Much More Upside Is Left in Palantir Stock, According to Wall Street Analysts
• Neutral Sentiment: Bullish commentary and price-target articles continue to frame Palantir as a long-term AI winner, but these pieces are more sentiment-driven than immediate catalysts. Can Palantir Stock Reach $200 in 2026?
• Neutral Sentiment: One article noted a large insider sale by Shyam Sankar, but the trade was made under a pre-arranged Rule 10b5-1 plan, which limits how bearish it should be read. Insider trading update
• Negative Sentiment: Palantir is facing political and regulatory scrutiny over its government contracts, including reporting on a blocked London police deal and concerns that Democrats could target its federal business. Palantir says UK police contract wrongly blocked over perceived ‘values’
• Negative Sentiment: Valuation worries are also pressuring the stock, with several pieces pointing to Palantir’s very high P/E as a risk if growth slows. Palantir: Implications Of 90x P/E

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.