Stark Wealth Management LLC Buys New Holdings in Palantir Technologies Inc. $PLTR

Stark Wealth Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,392 shares of the company’s stock, valued at approximately $781,000. Palantir Technologies comprises about 2.8% of Stark Wealth Management LLC’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% in 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 last quarter. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $29,000. Morton Brown Family Wealth LLC lifted 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 acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 5.3%

Shares of PLTR opened at $134.71 on Tuesday. Palantir Technologies Inc. has a twelve month low of $122.68 and a twelve month high of $207.52. The firm has a market capitalization of $322.94 billion, a P/E ratio of 151.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The stock’s fifty day simple moving average is $139.26 and its 200 day simple moving average is $153.49.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 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 value of $2,674,818.48. Following the transaction, the insider directly owned 199,759 shares of the company’s stock, valued at $27,175,214.36. This represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 David A. Glazer sold 17,128 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This represents a 4.37% 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 have sold 927,270 shares of company stock worth $126,197,785 over the last 90 days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Investors are bidding up Palantir on continued enthusiasm for AI software demand, with articles highlighting the company’s strong growth story and its positioning in AI security and analytics. Palantir Growth Story Stays Strong As AI Software Demand Expands
• Positive Sentiment: Coverage also notes that Palantir remains debt-free and is still producing solid financial results, which supports the bullish case that the company has the balance-sheet strength to keep investing in growth. Palantir (PLTR): Debt-Free AI Growth Shows Why Its Software Story Still Has Financial Firepower
• Positive Sentiment: Monday trading commentary says Palantir rose as investors piled into AI and cybersecurity-related names during a broad risk-on rally, suggesting sector momentum is helping the stock. Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays
• Neutral Sentiment: Several pieces simply note that Palantir is drawing heavy investor attention and searching interest, which reflects strong market focus but does not by itself change the fundamentals. Palantir Technologies Inc. (PLTR) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One article frames Palantir as trading near its 52-week low and asks whether it is a buy, reinforcing that sentiment is still split even after strong long-term AI enthusiasm. Trading Near Its 52-Week Low, Is Palantir Technologies Stock a Buy?
• Negative Sentiment: Analysts and commentary also point to ongoing pressure from profit-taking and the stock’s weak year-to-date performance, suggesting some investors remain cautious after a big run-up and subsequent pullback. Palantir Wows Retail Traders With Q1 Revenue Beat And Guidance Hike, But Stock Drops Amid Profit-Taking
• Negative Sentiment: A separate report highlights a Swiss court defeat and broader European data-sovereignty and contract risks, which could weigh on sentiment around Palantir’s international expansion. Palantir Swiss Court Defeat Raises European Data Sovereignty And Contract Risks

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating for the company. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Citigroup upped their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, Phillip Securities boosted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average price target of $192.76.

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.