IronBridge Private Wealth LLC Sells 19,514 Shares of Palantir Technologies Inc. $PLTR

IronBridge Private Wealth LLC cut its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 50,231 shares of the company’s stock after selling 19,514 shares during the period. Palantir Technologies makes up about 2.9% of IronBridge Private Wealth LLC’s investment portfolio, making the stock its 11th largest holding. IronBridge Private Wealth LLC’s holdings in Palantir Technologies were worth $9,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Financial Consulate Inc. bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new position in shares of Palantir Technologies during the third quarter valued at $31,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the 2nd quarter worth about $25,000. Marquette Asset Management LLC purchased a new position in Palantir Technologies in the 3rd quarter worth about $34,000. Finally, Millstone Evans Group LLC raised its position in Palantir Technologies by 98.0% in the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock worth $36,000 after buying an additional 98 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PLTR. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. UBS Group increased their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Morgan Stanley lifted their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $184.07.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm’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 sale, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 308,635 shares of the business’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 $50,613,053.65. Following the transaction, the insider owned 592 shares in the company, valued at approximately $97,082.08. This trade represents a 99.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last 90 days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.3%

NASDAQ PLTR opened at $165.90 on Friday. The stock has a market cap of $395.41 billion, a PE ratio of 395.01, a P/E/G ratio of 4.16 and a beta of 1.54. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The stock’s 50 day moving average is $176.73 and its 200 day moving average is $172.70.

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

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Phillip Securities initiated coverage with a Buy and a $208 price target (roughly 25% above recent levels), which is driving buying interest and headline momentum. Phillip Securities initiates coverage of Palantir Technologies (PLTR) with buy recommendation
• Positive Sentiment: Wedbush’s Daniel Ives highlighted Palantir as an AI powerhouse at Davos, reinforcing the narrative that PLTR is a key beneficiary of the AI spending cycle. NVDA, PLTR: Daniel Ives Hails Nvidia and Palantir as AI Powerhouses at Davos
• Positive Sentiment: Coverage pieces and upgrades point to large commercial deals (e.g., reported Hyundai work) and institutional buying, which support the bull case that growth can justify high multiples. Palantir Stock Won a Huge Upgrade. Can an AI Supercycle Power Shares Higher?
• Neutral Sentiment: Earnings calendar risk: Palantir will report 4Q results on Feb. 2, which is the nearest catalyst that could move shares materially in either direction. Should You Buy Palantir Stock Before Feb. 2?
• Neutral Sentiment: Mizuho reiterated a Hold but kept a $205 12‑month target — a sign that some analysts expect more upside but are cautious on near-term risk/reward. Wall Street sets Palantir stock price for the next 12 months
• Negative Sentiment: Valuation and downside warning: Jefferies analyst Brent Thill warned PLTR could fall as much as ~57% from current levels, underscoring how richly priced the stock is and amplifying volatility risk. 2 Ultra-Popular AI Stocks to Sell Before They Drop 53% and 57%, According to Wall Street Analysts
• Negative Sentiment: Critics argue Palantir’s surge and comparisons to hardware/legacy sectors signal a stretched valuation; commentary about founder actions and political donations has been used to argue the stock is overbought. When Your Software Company Gets Compared to a Chipmaker, Valuation Has Gone Wrong

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.