Fortune 45 LLC Takes $760,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Fortune 45 LLC opened a new position in Palantir Technologies during the first quarter, buying 5,194 shares worth about $760,000. The stake represents roughly 0.4% of the firm’s holdings and is its 24th-largest position.
• Institutional ownership in Palantir remains substantial, with 45.65% of shares held by institutions. Several other investors also recently bought or increased stakes in the company.
• Insiders have been active sellers, including Shyam Sankar and Jeffrey Buckley, with insiders selling 927,270 shares worth about $126.2 million over the past 90 days. Despite that, analysts remain generally positive, with a Moderate Buy consensus and an average price target of $190.85.

Fortune 45 LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,194 shares of the company's stock, valued at approximately $760,000. Palantir Technologies accounts for about 0.4% of Fortune 45 LLC's holdings, making the stock its 24th biggest holding.

Several other institutional investors also recently modified their holdings of the business. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $29,000. United Financial Planning Group LLC purchased a new position in Palantir Technologies during the third quarter valued at $32,000. Morton Brown Family Wealth LLC raised its stake 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 buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter worth $31,000. Finally, Clayton Financial Group LLC boosted its holdings in Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 150 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jeffrey Buckley sold 1,481 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 165,514 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the sale, the insider owned 642,786 shares of the company's stock, valued at $87,444,607.44. This trade represents a 20.48% 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. Over the last ninety days, insiders have sold 927,270 shares of company stock worth $126,197,785. Company insiders own 9.53% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: D.A. Davidson upgraded Palantir Technologies (PLTR) to Buy and raised its price target to $175, arguing the company’s AI orchestration platform is increasingly valuable for enterprises and may be better positioned than OpenAI or Anthropic for business use cases. Article Title
• Positive Sentiment: Palantir’s partnership with Nvidia to deliver AI capabilities for government customers is being viewed as a potential game-changer that could deepen enterprise and public-sector demand. Article Title
• Positive Sentiment: Analysts and commentators highlighted Palantir’s strong revenue growth, improving profitability, and “Rule of 40” expansion, reinforcing the view that fundamentals are catching up with the stock’s AI premium. Article Title
• Positive Sentiment: Palantir CEO Alex Karp’s recent comments framing enterprise AI as a trust and IP-protection problem are supporting the bull case that Palantir’s secure software stack is the “oxygen” of enterprise AI. Article Title
• Neutral Sentiment: Palantir remains a highly watched “meme-like” AI stock on Robinhood and in market commentary, which can amplify volatility but does not by itself change the business outlook. Article Title
• Negative Sentiment: Despite the rebound, some coverage continues to emphasize Palantir’s still-rich valuation and the fact that the stock had a difficult start to 2026, which could limit upside if execution slows. Article Title

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Wedbush started coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an "outperform" rating for the company. Citigroup upped their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. HSBC cut shares of Palantir Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. UBS Group upgraded shares of Palantir Technologies from a "buy" rating to a "buy" rating in a research note on Tuesday, June 16th. Finally, BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an "underperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $190.85.

Palantir Technologies Price Performance

Shares of PLTR opened at $129.30 on Monday. The firm has a market capitalization of $309.97 billion, a P/E ratio of 145.28, a PEG ratio of 2.08 and a beta of 1.56. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business has a fifty day moving average of $133.62 and a 200 day moving average of $148.06.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its 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 the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies's revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Analysts expect that Palantir Technologies Inc. will post 1.16 EPS for the current fiscal year.

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.

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.