Axxcess Wealth Management LLC Buys 6,585 Shares of Palantir Technologies Inc. $PLTR

Axxcess Wealth Management LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.9% during the third quarter, HoldingsChannel reports. The fund owned 101,900 shares of the company’s stock after acquiring an additional 6,585 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Palantir Technologies were worth $18,589,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Maridea Wealth Management LLC boosted its stake in shares of Palantir Technologies by 15.3% during the 3rd quarter. Maridea Wealth Management LLC now owns 6,520 shares of the company’s stock worth $1,184,000 after purchasing an additional 863 shares during the period. Luts & Greenleigh Group Inc. purchased a new stake in Palantir Technologies in the 3rd quarter worth about $256,000. Ingalls & Snyder LLC lifted its stake in Palantir Technologies by 5.9% in the third quarter. Ingalls & Snyder LLC now owns 4,668 shares of the company’s stock worth $852,000 after purchasing an additional 260 shares during the last quarter. Dahring Cusmano LLC purchased a new position in shares of Palantir Technologies during the third quarter valued at approximately $281,000. Finally, Drucker Wealth 3.0 LLC grew its stake in shares of Palantir Technologies by 6.7% during the third quarter. Drucker Wealth 3.0 LLC now owns 4,077 shares of the company’s stock valued at $744,000 after buying an additional 255 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 15,557 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the sale, the insider owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,844 shares of company stock valued at $167,455,085 over the last quarter. 12.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, February 3rd. Citigroup lifted their target price on Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a report on Thursday, January 22nd. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada boosted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $191.05.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $133.02 on Wednesday. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The company has a 50-day moving average of $167.95 and a 200 day moving average of $172.28. The firm has a market cap of $317.05 billion, a PE ratio of 211.15, a price-to-earnings-growth ratio of 2.53 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Headquarters move to Florida: Palantir officially relocated its corporate HQ to Miami, joining other tech firms attracted by Florida’s business-friendly policies and tax environment — a perceived long-term positive for costs, talent incentives and executive flexibility. Palantir moving its headquarters from Denver to Miami
• Positive Sentiment: Strong results and analyst support: Investors continue to price in Palantir’s robust Q4 results and AI-driven growth narrative; recent analyst reaffirmations/upgrades and heavy options activity have amplified demand and momentum. These fundamental/flow catalysts help explain buying interest after a recent pullback. Palantir Technologies (PLTR) Soars as AI Pure-Play, Truist Reaffirms Buy
• Neutral Sentiment: Geopolitical/prediction-market noise: Coverage of Iran diplomatic developments and prediction markets notes that defense/intelligence contractors (including Palantir) could benefit under some scenarios — this is speculative and creates short-term headline-driven trading rather than a clear directional fundamental change. Trump Called Iran ‘Tough Negotiators’—What Do Prediction Markets Say About A Nuclear Deal?
• Neutral Sentiment: High retail and quant interest: PLTR remains among the most-searched/optioned names (heavy retail and quant attention), which increases intraday volatility and can amplify moves in either direction. Investors Heavily Search Palantir Technologies Inc. (PLTR)
• Negative Sentiment: Michael Burry and short-side scrutiny: Prominent investor Michael Burry renewed public attacks and a bearish valuation thesis (claims of covert smear tactics and a sub‑$50 fair value), fueling negative headlines and heightened downside risk perception among some market participants. ‘Big Short’ Investor Michael Burry Targets Palantir
• Negative Sentiment: Insider selling and valuation worries: Reports that insiders have sold over $1B (exceeding recent net income) plus commentary about rich multiples and a recent multi-week pullback are pressuring sentiment and leaving the stock vulnerable to profit-taking. Palantir insiders have cashed out over $1B
• Negative Sentiment: Valuation and “AI risk” debate: Several analysts and commentators warn that lofty expectations and fast-growing AI competition create downside risk if growth normalizes, contributing to the recent volatility and corrective pressure. ‘AI Disrupting AI’: Top Investor Warns Palantir Stock Could Be in Trouble

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.