Prospera Financial Services Inc Has $40.44 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Prospera Financial Services reduced its Palantir stake by 17.1% in the fourth quarter, selling 46,981 shares and leaving it with 227,489 shares valued at about $40.4 million.
• Wall Street sentiment remains mixed but generally positive: several analysts kept or raised buy ratings, while MarketBeat’s average view is “Moderate Buy” with a price target of $192.76.
• Palantir’s latest results were strong, with 84.7% revenue growth year over year and earnings of $0.33 per share beating estimates, even as insider selling and valuation concerns continue to weigh on the stock.

Prospera Financial Services Inc decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,489 shares of the company's stock after selling 46,981 shares during the quarter. Palantir Technologies comprises approximately 0.7% of Prospera Financial Services Inc's investment portfolio, making the stock its 24th biggest position. Prospera Financial Services Inc's holdings in Palantir Technologies were worth $40,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc grew its position in shares of Palantir Technologies by 54.5% in the third 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 last quarter. United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $32,000. Morton Brown Family Wealth LLC grew its position in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Clayton Financial Group LLC grew its position in Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after buying an additional 150 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in Palantir Technologies during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Loop Capital reduced their price target on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Mizuho reduced their price target on Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 14th. Daiwa Securities Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Tuesday, February 10th. DA Davidson reduced their price target on Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $192.76.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. This represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 923,756 shares of company stock worth $125,660,329. 9.53% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $136.88 on Friday. The stock's fifty day moving average price is $142.88 and its two-hundred day moving average price is $157.76. The company has a market cap of $328.14 billion, a PE ratio of 153.80, a P/E/G ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 firm 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%.The company's revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 1.18 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.

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