Western Wealth Management LLC Increases Holdings in Palantir Technologies Inc. $PLTR

Western Wealth Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,801 shares of the company’s stock after acquiring an additional 5,427 shares during the period. Western Wealth Management LLC’s holdings in Palantir Technologies were worth $8,309,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Milestone Asset Management LLC lifted its stake in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after purchasing an additional 42,173 shares during the last quarter. VCI Wealth Management LLC increased its position in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,621 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Palantir Technologies in the 4th quarter valued at about $222,143,000. Vanguard Group Inc. raised its holdings in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the period. Finally, Jefferson Bridge Capital LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at about $1,322,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Monday. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Phillip Securities upped their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Benchmark cut shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Finally, Mizuho lowered their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.88.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $122.26 on Friday. The company has a market cap of $293.10 billion, a P/E ratio of 137.37, a P/E/G ratio of 1.97 and a beta of 1.56. The stock has a 50-day moving average of $130.66 and a two-hundred day moving average of $140.81. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 28.34% and a net margin of 43.67%.The company’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, analysts anticipate that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Analysts remain constructive ahead of earnings. Rosenblatt reaffirmed a “buy” rating and a $225 price target, implying substantial upside from recent levels. The bullish case centers on accelerating U.S. commercial sales, larger AI contracts and continued customer momentum. Rosenblatt rating and price target
• Positive Sentiment: Expectations for Q2 remain strong, with analysts anticipating roughly 80% year-over-year revenue growth. Palantir is also expected to pursue another quarter of revenue acceleration. Its prior quarter produced $1.63 billion of revenue, up 84.7%, and management raised full-year revenue guidance to approximately $7.65 billion-$7.66 billion. Palantir Q2 earnings outlook
• Neutral Sentiment: Palantir’s earnings report is becoming a binary catalyst. Investors are focused on U.S. commercial growth, international performance, new contract activity and whether management raises guidance. Options markets are pricing in a potentially large post-earnings move. Palantir options outlook
• Neutral Sentiment: Chief Executive Alex Karp warned that AI’s risks could eventually require regulation. The comments reinforce Palantir’s focus on trusted, government-oriented AI, but also highlight the possibility of regulatory constraints across the industry. Alex Karp AI regulation comments
• Negative Sentiment: Valuation remains the central concern. Commentators note that PLTR trades at roughly 100-plus times forward earnings despite a sharp pullback, meaning another earnings beat may not be enough unless growth and guidance clearly exceed already-high expectations. Palantir valuation and earnings setup
• Negative Sentiment: Bears argue that AI spending could slow, customers could develop competing tools internally, and Palantir’s growth may not outpace its valuation. Broader concern about an AI infrastructure or SaaS spending bubble is adding pressure to high-multiple software stocks. Palantir AI competition risks
• Negative Sentiment: France’s reported move to replace Palantir with domestic provider ChapsVision raises concerns about European government-contract growth and the broader trend toward digital sovereignty. Palantir and France

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares in the company, valued at $7,757,108.80. The trade was a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the transaction, the director owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. The trade was a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,112,270 shares of company stock worth $150,247,785 over the last three months. Company insiders own 9.53% of the company’s stock.

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.