Legacy Wealth Management LLC MS Takes $6.23 Million Position in Palantir Technologies Inc. $PLTR

Legacy Wealth Management LLC MS purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,160 shares of the company’s stock, valued at approximately $6,231,000. Palantir Technologies comprises about 1.9% of Legacy Wealth Management LLC MS’s holdings, making the stock its 10th biggest position.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new stake in Palantir Technologies during the second quarter valued at about $2,543,888,000. Vanguard Group Inc. boosted its position in Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. State Street Corp increased its stake in shares of Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 16.0% in the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $176.86 on Friday. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The stock has a fifty day moving average of $179.67 and a 200 day moving average of $170.17. The firm has a market capitalization of $421.53 billion, a price-to-earnings ratio of 421.11, a P/E/G ratio of 4.57 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 62.8% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Truist initiated coverage with a Buy and $223 price target, arguing the company’s AI/defense backlog and contract runway justify upside over the next 12 months. Palantir Is Pulling Back After a Post‑Venezuela Run Higher
• Positive Sentiment: High‑profile supporters and media coverage continue to highlight Palantir’s AI/defense positioning (Jim Cramer expressed confidence), which can support demand from momentum and thematic investors. Jim Cramer on Palantir
• Neutral Sentiment: Market chatter that Palantir’s tech may have been involved in a high‑profile Venezuela operation has driven attention and volume — a catalyst for volatility but uncertain as a durable revenue driver. Palantir Involved in the Capture of Nicolás Maduro?
• Neutral Sentiment: Brokerage consensus sits around a “Hold,” reflecting mixed analyst views: some bullish on backlog and contracts, others cautious on valuation and execution. Consensus Recommendation of “Hold”
• Neutral Sentiment: Policy/regulatory tailwinds like proposed higher U.S. defense spending could help Palantir win more government work, but timing and award sizes remain uncertain. How Does Trump’s Potential $1.5T Defense Budget Impact Palantir
• Negative Sentiment: A veteran analyst publicly warned about reputational and legal risks tied to the Venezuela raid speculation, which can prompt selling from risk‑sensitive investors. Veteran analyst sounds alarm on Palantir stock after Venezuela raid
• Negative Sentiment: Multiple insider and notable investor sales have surfaced this week (director sale ~$616.6k; another insider sale ~$2.18M; Ark/ Cathie Wood sold ~$10.4M), raising concerns about near‑term selling pressure and signaling some insiders/institutions trimming exposure. Insider Selling: Director Sells $616,590 Insider Sells $2,176,200 Cathie Wood Sells $10M in Palantir Stock
• Negative Sentiment: Valuation concerns persist — commentators note Palantir trades at very high multiples (extremely elevated P/E and price‑to‑sales relative to peers), which raises downside risk if growth slows or execution falters. Englander Sells Palantir
• Negative Sentiment: Recent intraday pullback and a negative session note (Zacks) reflect profit‑taking after a strong 2025 run; momentum traders may be exiting into the volatility. PLTR Stock Slides as Market Rises

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PLTR shares. Robert W. Baird raised their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. DA Davidson raised their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Finally, UBS Group increased their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $174.69.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 15,557 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the sale, the insider directly owned 415,612 shares in the company, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,444 shares of company stock valued at $167,394,629 in the last three months. 9.23% of the stock is owned by corporate insiders.

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.