Legacy Capital Group California Inc. Has $949,000 Holdings in Palantir Technologies Inc. $PLTR

Legacy Capital Group California Inc. lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 55.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,486 shares of the company’s stock after selling 8,131 shares during the period. Legacy Capital Group California Inc.’s holdings in Palantir Technologies were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 last quarter. State Street Corp lifted its stake in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC boosted its position in Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank acquired a new position in Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Finally, Invesco Ltd. grew its stake in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction 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 directly owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last quarter. Company insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir said it will report second-quarter 2026 results on August 3 after the market close and host a webcast at 5:00 PM ET, keeping attention on the company’s next earnings catalyst. Palantir Announces Date of Second Quarter 2026 Earnings Release and Webcast
• Positive Sentiment: Several articles highlighted Palantir as a leading AI name, with pieces arguing the stock still has long-term upside and could benefit from continued growth in AI software adoption. Prediction: This Will Be Palantir Technologies’ Stock Price in 2030
• Positive Sentiment: Commentary from Palantir co-founder Joe Lonsdale on the AI investment boom reinforced the broader bullish narrative around AI infrastructure, defense tech, and software platforms. Palantir Co-Founder Joe Lonsdale on the AI Investment Boom
• Neutral Sentiment: Multiple articles compared Palantir with other AI stocks such as Snowflake and Super Micro, but these were mostly comparative opinion pieces rather than new company-specific developments. Palantir vs. Snowflake: Which AI Strategy Has the Better Long-Term Potential?
• Neutral Sentiment: Market commentary and interview clips from analysts and media personalities continued to discuss Palantir’s valuation, CEO comments, and AI strategy, keeping the stock in the spotlight but not changing fundamentals directly. ‘One to Admire,’ Says Top Investor About Palantir Stock
• Negative Sentiment: Some coverage questioned Palantir’s rich valuation and suggested investors could find better value elsewhere, which may cap gains if sentiment shifts away from high-multiple AI stocks. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
• Negative Sentiment: Several reports also highlighted concerns about AI costs, control, and a “satanic” company video criticized by Jim Cramer, adding some headline risk even as the broader AI story remains supportive. Cramer’s Ultimatum to Palantir: Disavow the “Satanic” Video Today

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $130.05 on Tuesday. The company has a market cap of $311.77 billion, a P/E ratio of 146.13, a P/E/G ratio of 2.03 and a beta of 1.56. The firm’s fifty day moving average price is $132.40 and its two-hundred day moving average price is $145.61. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research note on Friday, June 5th. Oppenheimer began coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective for the company. Benchmark cut Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Mizuho lowered their target price 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. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $138.00 target price on shares of Palantir Technologies in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $190.85.

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.