Wick Capital Partners LLC Has $11.15 Million Position in Palantir Technologies Inc. $PLTR

Wick Capital Partners LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2,321.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,744 shares of the company’s stock after purchasing an additional 60,153 shares during the period. Palantir Technologies comprises approximately 0.8% of Wick Capital Partners LLC’s investment portfolio, making the stock its 21st biggest position. Wick Capital Partners LLC’s holdings in Palantir Technologies were worth $11,153,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Bare Financial Services Inc raised its holdings in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC boosted its holdings in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter worth $31,000. Finally, United Financial Planning Group LLC acquired a new position in Palantir Technologies during the third quarter worth $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Summary

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

• Positive Sentiment: Wolfe Research upgraded Palantir to Peer Perform from Underperform, citing its AI platform, ontology, and forward-deployed engineers as a strong foundation for enterprise AI growth. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Positive Sentiment: Recent commentary continues to highlight accelerating U.S. commercial momentum, including rising revenue, more customers, and larger contract wins tied to Palantir’s AIP platform. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Positive Sentiment: Some analysts argue Palantir’s rapid growth and strong margins make it hard to ignore, despite valuation concerns, keeping bullish AI sentiment intact. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’

Insider Activity

In other news, insider Ryan D. Taylor sold 19,662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. This represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider directly owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. DZ Bank began coverage on Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target for the company. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday. Wedbush started coverage on Palantir Technologies in a research note on Tuesday. They issued an “outperform” rating on the stock. Finally, Weiss Ratings lowered Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Stock Down 1.7%

Shares of PLTR stock opened at $128.47 on Friday. Palantir Technologies Inc. has a 12 month low of $122.68 and a 12 month high of $207.52. The firm has a market cap of $307.98 billion, a PE ratio of 144.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.53. The stock has a 50 day moving average of $138.18 and a 200-day moving average of $152.74.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

About Palantir Technologies

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.