Palantir Technologies Inc. $PLTR Shares Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,257 shares of the company’s stock after purchasing an additional 11,750 shares during the quarter. Palantir Technologies makes up approximately 0.8% of Meridian Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Meridian Wealth Management LLC’s holdings in Palantir Technologies were worth $23,864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Washington Trust Bank boosted its position in Palantir Technologies by 14.4% during the fourth quarter. Washington Trust Bank now owns 113,742 shares of the company’s stock worth $20,218,000 after acquiring an additional 14,322 shares during the last quarter. Rinkey Investments boosted its position in Palantir Technologies by 5.4% during the fourth quarter. Rinkey Investments now owns 2,092 shares of the company’s stock worth $372,000 after acquiring an additional 108 shares during the last quarter. Money Concepts Capital Corp boosted its position in Palantir Technologies by 1.4% during the fourth quarter. Money Concepts Capital Corp now owns 52,447 shares of the company’s stock worth $9,322,000 after acquiring an additional 744 shares during the last quarter. Tsfg LLC boosted its position in Palantir Technologies by 1.6% during the fourth quarter. Tsfg LLC now owns 6,238 shares of the company’s stock worth $1,109,000 after acquiring an additional 100 shares during the last quarter. Finally, Concentrum Wealth Management boosted its position in Palantir Technologies by 9.8% during the fourth quarter. Concentrum Wealth Management now owns 2,164 shares of the company’s stock worth $385,000 after acquiring an additional 194 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Phillip Securities raised its price target on Palantir to $202 and reiterated a Buy rating, citing explosive earnings momentum and strong AI traction. Article Title
• Positive Sentiment: Multiple bullish pieces say Palantir just delivered its fastest revenue growth as a public company, with guidance suggesting more upside ahead and long-term AI leadership across defense, healthcare, logistics, and industrial reshoring. Article Title Article Title
• Positive Sentiment: Dan Ives reiterated a constructive view, calling Palantir a “golden goose” and dismissing panic over the sell-off, while other coverage pointed to strong demand for the company’s software and supportive defense/geopolitical spending trends. Article Title Article Title
• Neutral Sentiment: Palantir continues to attract heavy investor attention, with several “why is everyone talking about PLTR” style articles reflecting heightened market interest rather than a specific new catalyst. Article Title
• Negative Sentiment: Valuation concerns remain a major drag, with one article warning investors not to ignore Palantir’s steep multiple and another noting the stock has been falling even while the business performs well. Article Title Article Title
• Negative Sentiment: Fresh scrutiny over NHS data access adds a regulatory and reputational overhang, with concerns about contractor access to patient information potentially pressuring sentiment. Article Title

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,479 shares of company stock worth $137,685,797 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 0.7%

Shares of PLTR opened at $136.89 on Tuesday. The firm has a market cap of $327.40 billion, a PE ratio of 153.81, a price-to-earnings-growth ratio of 2.19 and a beta of 1.52. The company’s fifty day moving average is $145.60 and its two-hundred day moving average is $160.97. Palantir Technologies Inc. has a fifty-two week low of $115.01 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on PLTR shares. UBS Group raised their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Mizuho decreased their target price on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group decreased their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Tuesday, February 3rd. Finally, Benchmark started coverage on shares of Palantir Technologies in a research report on Wednesday, April 1st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Palantir Technologies Company 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.