Modern Wealth Management LLC Increases Stake in Palantir Technologies Inc. $PLTR

Key Points

• Modern Wealth Management LLC increased its stake in Palantir by 74.0% in Q3, buying 12,749 shares to own 29,979 shares worth $5.47 million at the end of the period.
• Significant insider selling has occurred recently — Stephen A. Cohen sold 327,088 shares for about $43.7 million and insiders disposed of 1,054,279 shares (~$142.2 million) in the past 90 days, leaving insiders with 9.23% ownership.
• Palantir recently beat quarterly estimates (EPS $0.25 vs. $0.23, revenue $1.41B, revenue +70% YoY), while analyst upgrades, AI/commercial traction and geopolitical/defense tailwinds have supported bullish sentiment and a recent stock rally.

Modern Wealth Management LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 74.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,979 shares of the company's stock after buying an additional 12,749 shares during the quarter. Modern Wealth Management LLC's holdings in Palantir Technologies were worth $5,469,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. Bare Financial Services Inc grew its stake in shares of 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 purchasing an additional 55 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in Palantir Technologies in the second quarter valued at $29,000. Zeit Capital LLC acquired a new stake in Palantir Technologies in the second quarter valued at $30,000. Finally, Financial Consulate Inc. acquired a new stake in Palantir Technologies in the third quarter valued at $30,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Geopolitical tailwind — Traders and analysts see Palantir as a direct beneficiary of the U.S.-Iran conflict given its deep ties to military and intelligence customers; defensive/A.I. spending expectations helped push the stock higher this week. Palantir rallies 15% for the week as Iran war boosts prospects, muting Anthropic concern
• Positive Sentiment: Legal win reduces IP/staff‑poaching risk — Court documents made public show a judge barred former employees from using Palantir’s proprietary data and soliciting staff, removing a near‑term competitive/legal overhang. Why Palantir Technologies Stock Popped on Friday
• Positive Sentiment: Analyst and estimate momentum — Piper Sandler and others have reiterated bullish ratings and several shops have lifted targets; earnings‑estimate revisions are trending higher, supporting the bullish narrative. Piper Sandler Remains a Buy on Palantir (PLTR) Earnings Estimates Moving Higher for Palantir
• Positive Sentiment: Strong fundamentals and AI traction — Recent results showed high revenue growth and expanding margins; investors cite Palantir’s AIP product and commercial momentum as durable growth drivers. Palantir Stock Rallies 12% in a Month: Buy, Hold, or Sell?
• Neutral Sentiment: Anthropic saga is unresolved — The Pentagon’s actions against Anthropic create both opportunity (less competition for defense work) and uncertainty; Anthropic vows to fight the designation, which keeps the outcome cloudy for contractors. Anthropic Vows Legal Fight Against Pentagon Sanction in AI Feud
• Negative Sentiment: Technical / product risk from Anthropic unwind — Reports say Palantir may need to replace Anthropic‑based components in key defense platforms, which could be costly and disruptive to Maven/AIP integrations. Palantir Faces Costly AI Overhaul After Trump Administration Bans Anthropic From Pentagon Work
• Negative Sentiment: Insider selling headline — High‑profile share sales (Peter Thiel) have grabbed attention; analysts mostly call it routine liquidity, but it can add short‑term sentiment pressure. Thiel Cashes Out $280M While the Palantir Faithful Do the Math
• Neutral Sentiment: Macro/tech weakness can dent gains — broader tech selling and global market jitters can cap upside even as defense names rally; expect headline‑driven volatility. TSLA, PLTR and SMCI Forecast – Tech Stocks Under Pressure Early

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 17,438 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,054,279 shares of company stock valued at $142,212,233. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Up 2.9%

PLTR opened at $157.16 on Friday. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The business's 50 day moving average is $155.48 and its two-hundred day moving average is $168.99. The firm has a market cap of $375.88 billion, a price-to-earnings ratio of 249.46, a price-to-earnings-growth ratio of 3.02 and a beta of 1.70.

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

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Citigroup increased their price objective on Palantir Technologies from $235.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, February 3rd. Loop Capital lowered their price target on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a report on Friday, January 30th. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 30th. UBS Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $180.00 to $150.00 in a report on Thursday, February 26th. Finally, William Blair upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Moderate Buy" and an average price target of $192.68.

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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