Free Trial

4,759 Shares in Palantir Technologies Inc. $PLTR Bought by WBI Investments LLC

Palantir Technologies logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • WBI Investments LLC opened a new position in Palantir in the third quarter, buying 4,759 shares of NASDAQ:PLTR valued at about $868,000 according to its Form 13F filing.
  • Significant insider selling is a headwind: insiders have sold 1,045,279 shares worth roughly $140.5 million over the last 90 days, including CEO Alexander Karp’s sale of 493,025 shares (~$66.0M), and insiders now own 12.93% of the company.
  • Palantir reported a quarterly beat (EPS $0.25 vs. $0.23) and revenue of $1.41 billion, up 70% year‑over‑year, attracting bullish analyst upgrades and partnerships (e.g., NVIDIA, U.S. Navy ShipOS), but the stock carries a high valuation (P/E ~246) that some investors view as a risk.
  • Five stocks to consider instead of Palantir Technologies.

WBI Investments LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,759 shares of the company's stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bare Financial Services Inc grew its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares in the last quarter. Financial Consulate Inc. acquired a new position in Palantir Technologies in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at approximately $31,000. United Financial Planning Group LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

More Palantir Technologies News

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

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $155.08 on Wednesday. The business's fifty day moving average price is $152.07 and its two-hundred day moving average price is $168.84. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The stock has a market capitalization of $370.90 billion, a price-to-earnings ratio of 246.16, a price-to-earnings-growth ratio of 3.03 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business earned $0.14 earnings per share. The business's revenue was up 70.0% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 493,025 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their ownership of the stock. The transaction 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 transaction of $22,465,494.88. Following the sale, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,045,279 shares of company stock worth $140,539,043 over the last ninety days. Corporate insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLTR. Mizuho upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $195.00 price objective on the stock in a research report on Wednesday, February 18th. Northland Securities raised Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research report on Tuesday, February 3rd. Argus upgraded shares of Palantir Technologies to a "hold" rating in a research note on Monday, February 9th. Robert W. Baird raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Loop Capital dropped their price objective on shares of Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and an average target price of $194.05.

Read Our Latest Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Palantir Technologies Right Now?

Before you consider Palantir Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.

While Palantir Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy Before SpaceX Goes Public Cover

A forward-looking investment report spotlighting the seven space companies best positioned to benefit from accelerating commercialization in 2026. It explores key industry trends, major growth catalysts, and the stocks shaping the next phase of the space economy—from launch leaders and satellite networks to data, defense, and in-space infrastructure.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines