LFG Wealth Partners LLC Invests $766,000 in Palantir Technologies Inc. $PLTR

Key Points

• LFG Wealth Partners LLC opened a new position in Palantir Technologies in the fourth quarter, buying 4,312 shares worth about $766,000.
• Palantir continues to attract major institutional interest, with large holders like Vanguard, State Street, and Geode adding to positions; institutions now own 45.65% of the stock.
• The company’s latest results were strong, with EPS of $0.33 and revenue of $1.63 billion, both beating expectations, while revenue surged 84.7% year over year.

LFG Wealth Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,312 shares of the company's stock, valued at approximately $766,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. State Street Corp boosted its holdings in shares of Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company's stock worth $18,198,990,000 after buying an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock worth $9,599,882,000 after buying an additional 805,047 shares during the last quarter. Norges Bank bought a new position in Palantir Technologies during the fourth quarter valued at about $5,149,641,000. Finally, Invesco Ltd. grew its position in Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after buying an additional 1,213,529 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $205.00 to $151.00 in a research report on Friday, May 1st. UBS Group lifted their price target on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Oppenheimer began coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an "outperform" rating and a $200.00 price objective on the stock. Finally, Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a "hold" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.76.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 927,270 shares of company stock valued at $126,197,785 in the last 90 days. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Trading Up 5.3%

PLTR opened at $134.71 on Tuesday. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52. The company has a market cap of $322.94 billion, a PE ratio of 151.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a 50 day moving average of $139.26 and a 200 day moving average of $153.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share 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.

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