Wakefield Asset Management LLLP Takes $890,000 Position in Palantir Technologies Inc. $PLTR

Wakefield Asset Management LLLP acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,005 shares of the company’s stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Donoghue Forlines LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $342,000. AustralianSuper Pty Ltd grew its position in shares of Palantir Technologies by 91.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 228,979 shares of the company’s stock valued at $40,701,000 after purchasing an additional 109,285 shares during the period. SkyOak Wealth LLC grew its position in shares of Palantir Technologies by 169.5% in the fourth quarter. SkyOak Wealth LLC now owns 6,399 shares of the company’s stock valued at $1,137,000 after purchasing an additional 4,025 shares during the period. Halter Ferguson Financial Inc. purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $774,000. Finally, Triton Wealth Management PLLC grew its position in shares of Palantir Technologies by 9.6% in the fourth quarter. Triton Wealth Management PLLC now owns 4,022 shares of the company’s stock valued at $715,000 after purchasing an additional 352 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares of the company’s stock, valued at $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by insiders.

More Palantir Technologies News

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Palantir Technologies Trading Up 0.2%

PLTR stock opened at $133.99 on Friday. The stock has a 50-day moving average price of $144.62 and a two-hundred day moving average price of $159.79. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The company has a market cap of $321.22 billion, a PE ratio of 150.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share 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 company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 84.7% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLTR shares. Mizuho lowered their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.