Palantir Technologies Inc. $PLTR Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.4% in the first quarter, Holdings Channel.com reports. The firm owned 27,838 shares of the company’s stock after buying an additional 4,124 shares during the period. Simplicity Wealth LLC’s holdings in Palantir Technologies were worth $4,072,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $29,000. Morton Brown Family Wealth LLC lifted its stake 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 buying an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $31,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the third quarter valued at approximately $32,000. Finally, Clayton Financial Group LLC raised its stake in shares of Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the transaction, the director directly owned 55,022 shares of the company’s stock, valued at $8,803,520. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $4,550,000.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $83,562,180. The trade was a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,112,270 shares of company stock worth $150,247,785 in the last ninety days. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $2.25 during mid-day trading on Friday, hitting $126.79. 31,089,118 shares of the stock were exchanged, compared to its average volume of 41,740,524. The company has a market capitalization of $303.95 billion, a P/E ratio of 142.46, a P/E/G ratio of 2.06 and a beta of 1.56. The company has a 50-day simple moving average of $132.58 and a 200 day simple moving average of $146.40. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PLTR. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $205.00 to $151.00 in a research note on Friday, May 1st. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Citigroup increased their price target on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wedbush assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Two investment 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 company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.85.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
• Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
• Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
• Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
• Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
• Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
• Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?

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.