WealthPlan Investment Management LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Key Points

• WealthPlan Investment Management increased its Palantir position by 18.2% in the fourth quarter, ending with 37,550 shares valued at about $6.68 million.
• Palantir’s latest earnings beat expectations, reporting $0.33 EPS on $1.63 billion in revenue, with revenue up 84.7% year over year. The company also topped analyst estimates and continues to post strong profitability metrics.
• Despite strong fundamentals and upbeat analyst coverage, the stock has seen heavy insider selling, including large sales by CEO Alex Karp and insider Shyam Sankar, while the shares trade below their recent highs amid ongoing valuation concerns.

WealthPlan Investment Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,550 shares of the company's stock after buying an additional 5,770 shares during the quarter. WealthPlan Investment Management LLC's holdings in Palantir Technologies were worth $6,675,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Hills Bank & Trust Co purchased a new position in Palantir Technologies during the fourth quarter valued at $150,000. Qsemble Capital Management LP purchased a new position in Palantir Technologies during the fourth quarter valued at $2,886,000. Sherman Asset Management Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at $675,000. AlphaCore Capital LLC raised its stake in Palantir Technologies by 48.9% during the fourth quarter. AlphaCore Capital LLC now owns 16,190 shares of the company's stock valued at $2,878,000 after buying an additional 5,316 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Palantir Technologies by 0.7% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 72,989 shares of the company's stock valued at $12,974,000 after buying an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir's Critics Are "Right"—But They're Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company's stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. The trade was a 7.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares of the company's stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,029,479 shares of company stock valued at $137,685,797 over the last ninety days. 9.53% of the stock is owned by insiders.

Palantir Technologies Price Performance

PLTR stock opened at $133.99 on Friday. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52. The stock has a market capitalization of $321.22 billion, a P/E ratio of 150.55, a P/E/G ratio of 2.13 and a beta of 1.52. The business has a fifty day moving average price of $144.62 and a 200-day moving average price of $159.79.

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

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. Northland Securities upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $200.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Piper Sandler restated an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Benchmark initiated coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a "hold" rating for the company. Finally, Royal Bank Of Canada restated an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $195.16.

Palantir Technologies 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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