Gilpin Wealth Management LLC Invests $823,000 in Palantir Technologies Inc. $PLTR

Key Points

• Gilpin Wealth Management initiated a new position in Palantir Technologies in the fourth quarter, buying 4,632 shares valued at about $823,000.
• Other institutions also increased their stakes, and 45.65% of Palantir’s shares are now held by institutional investors and hedge funds.
• Palantir shares were down about 1.4% to $130.21, while recent earnings showed strong growth: EPS of $0.33 beat estimates and revenue rose 84.7% year over year.

Gilpin Wealth Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,632 shares of the company's stock, valued at approximately $823,000.

Other large investors also recently modified their holdings of the company. Bare Financial Services Inc raised its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares during the period. AlphaQuest LLC raised its holdings in shares of Palantir Technologies by 15.8% in the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock valued at $78,000 after purchasing an additional 58 shares during the period. Beaumont Financial Advisors LLC raised its holdings in shares of Palantir Technologies by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock valued at $527,000 after purchasing an additional 59 shares during the period. Transcend Capital Advisors LLC raised its holdings in Palantir Technologies by 0.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company's stock valued at $1,890,000 after acquiring an additional 60 shares during the period. Finally, Sandbox Financial Partners LLC raised its holdings in Palantir Technologies by 1.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 4,911 shares of the company's stock valued at $873,000 after acquiring an additional 61 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 830 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total transaction of $114,050.30. Following the sale, the insider owned 61,707 shares in the company, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 925,789 shares of company stock worth $126,007,032 in the last three months. Company insiders own 9.53% of the company's stock.

Palantir Technologies Trading Down 1.4%

NASDAQ PLTR opened at $130.21 on Thursday. The firm has a market capitalization of $312.15 billion, a price-to-earnings ratio of 146.31, a P/E/G ratio of 2.10 and a beta of 1.53. The firm's 50 day simple moving average is $140.21 and its 200 day simple moving average is $154.11. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The business 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%. The firm's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. DZ Bank assumed coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price target on the stock. Oppenheimer assumed coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They issued an "outperform" rating and a $200.00 price target on the stock. Weiss Ratings cut shares of Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, April 27th. Royal Bank Of Canada restated an "underperform" rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. Finally, Phillip Securities increased their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.76.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Management continues to showcase demand for Palantir’s AI platform, with the company highlighting customer adoption at AIPCon and announcing new enterprise partnerships, including a multi-year AI deal with McCarthy Building Companies and an AI-powered platform with Kirkland & Ellis. These updates reinforce the bull case that PLTR is becoming a core enterprise AI layer. Palantir's AIPCon Shows Why Customers Are Fueling the Bull Case
• Positive Sentiment: Several analysts and commentators remain constructive, with Rosenblatt reiterating a buy rating and Wedbush maintaining an outperform view. That suggests some Wall Street support remains despite the recent pullback. Rosenblatt Remains a Buy On Palantir Technologies (PLTR)
• Positive Sentiment: CEO Alex Karp’s comments about enterprise customers being frustrated with frontier AI labs like OpenAI and Anthropic may help Palantir position itself as the safer, more enterprise-ready AI alternative. He also highlighted enthusiasm around SpaceX, which keeps Palantir tied to major AI/defense themes. Palantir's Karp says businesses are 'unhappy' with the frontier AI labs
• Neutral Sentiment: The stock remains highly sensitive to AI sentiment and hype-cycle comparisons, with multiple articles debating whether PLTR’s premium valuation is justified after a strong run and sharp pullback. Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
• Neutral Sentiment: Michael Burry’s reported short against Palantir is still drawing attention and may be amplifying caution around AI stocks broadly, but it is more a sentiment overhang than a direct business development. Michael Burry's NVDA, PLTR Shorts Are Paying Off—And More Trouble May Be Coming For AI Stocks
• Negative Sentiment: The biggest drag on PLTR is valuation risk: several recent pieces argue the stock is still expensive even after the selloff, and that earnings are the next key catalyst to prove the growth story can keep up with the multiple. Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
• Negative Sentiment: Broader negative headlines around AI competition, including new Anthropic model releases and concerns about frontier-lab economics, are pressuring sentiment across software names and may be contributing to Palantir’s recent decline. Workday, Oracle, and Palantir Technologies Shares Plummet, What You Need To Know
• Negative Sentiment: There is also fresh political/regulatory noise around Palantir’s UK NHS contract review, which could add headline risk if officials move toward using a break clause in 2027. UK reviewing Palantir's NHS contract amid pressure to use break clause

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.

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