Abound Wealth Management Purchases 9,881 Shares of Palantir Technologies Inc. $PLTR

Abound Wealth Management increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 833.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,066 shares of the company’s stock after acquiring an additional 9,881 shares during the period. Palantir Technologies comprises approximately 0.5% of Abound Wealth Management’s portfolio, making the stock its 28th biggest holding. Abound Wealth Management’s holdings in Palantir Technologies were worth $1,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc increased its position 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 during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $29,000. Zeit Capital LLC bought a new position in Palantir Technologies during the second quarter valued at about $30,000. Financial Consulate Inc. purchased a new stake in Palantir Technologies during the third quarter worth about $30,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Palantir Technologies during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Pentagon formalized Palantir’s Maven Smart System as a program of record, which signals longer‑term, budget-backed DoD spending and underpinned earlier upside in the stock. Read More.
• Positive Sentiment: UK’s Financial Conduct Authority awarded a short trial to use Palantir’s Foundry on enforcement/fraud datasets; the FCA publicly defended the deal, reinforcing government/regulator demand for Palantir tech. Read More.
• Positive Sentiment: Commercial partnerships continue: Palantir announced an AI mortgage operations pilot with Moder and Freedom Mortgage and a deal to support Centrus Energy’s uranium‑enrichment expansion — signals of expanding enterprise use cases beyond defense. Read More. Read More.
• Neutral Sentiment: Analyst attention remains high with several bullish price targets and buy ratings (median targets well above current levels); that supports investor interest but also keeps volatility high around updates. Read More.
• Negative Sentiment: Despite the contract wins, PLTR traded lower today as the broader software/AI sector pulled back — investors rotated defensive and pared exposure to high‑multiple tech names. Coverage explaining the intraday drop cites sector weakness outweighing company headlines. Read More. Read More.
• Negative Sentiment: Valuation worries and cautionary analyst writeups remain a drag — some commentators call Palantir’s multiple extreme relative to fundamentals and warn of downside if growth slows. Read More.
• Negative Sentiment: Reputational/political risk: press coverage links Palantir to political controversies and CEO comments that could complicate public‑sector relations and invite scrutiny — a non‑financial risk investors watch. Read More.
• Negative Sentiment: Insider selling and large institutional position changes cited in datasets may add to investor caution; monitor disclosures for timing and context. Read More.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Loop Capital cut their price target on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Wedbush reissued an “outperform” rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Monday, March 16th. Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a research note on Thursday, January 22nd. Finally, Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.32.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 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 transaction of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This represents a 8.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,045,279 shares of company stock worth $140,539,043. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 3.8%

Shares of NASDAQ PLTR opened at $154.78 on Wednesday. The stock’s 50-day simple moving average is $149.68 and its two-hundred day simple moving average is $168.82. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The firm has a market capitalization of $370.18 billion, a P/E ratio of 245.69, a P/E/G ratio of 3.19 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.