Gateway Wealth Partners LLC Has $3.88 Million Position in Palantir Technologies Inc. $PLTR

Gateway Wealth Partners LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 141.3% in the first quarter, Holdings Channel reports. The institutional investor owned 26,527 shares of the company’s stock after acquiring an additional 15,532 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Palantir Technologies were worth $3,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $450,000. Bison Wealth LLC raised its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in Palantir Technologies in the second quarter worth approximately $315,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 165,514 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Up 7.0%

NASDAQ PLTR opened at $131.53 on Tuesday. The company has a fifty day simple moving average of $131.48 and a 200 day simple moving average of $141.99. The company has a market cap of $315.32 billion, a P/E ratio of 147.79, a P/E/G ratio of 1.96 and a beta of 1.56. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. Phillip Securities increased their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Wolfe Research raised shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Citigroup cut their target price on Palantir Technologies from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $189.88.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Oppenheimer maintained its bullish outlook, reiterating an Outperform rating and a $200 price target. The firm expects Palantir to deliver a solid second-quarter earnings beat and potentially raise its outlook, with revenue growth of roughly 85% supporting the case. Oppenheimer Lays Out Expectations for Palantir Stock Ahead of August 3 Earnings
• Positive Sentiment: Strong operating momentum is attracting buyers ahead of the August 3 earnings release. Recent results showed revenue growth above 80%, while analysts and bullish commentators believe commercial adoption of Palantir’s AI platform could support another meaningful beat. Several published price targets remain well above the current trading level, including Oppenheimer’s $200 target. Palantir Stock Surges as Oppenheimer Predicts Strong Q2 Earnings Beat
• Positive Sentiment: Palantir’s AI infrastructure and software positioning remains a long-term catalyst. Commentary contrasting Palantir with hardware-focused technology companies suggests that continued spending on AI infrastructure could increase demand for the software and operating systems that run on top of it. IBM Fell 25% as Hardware Spending Dominated AI Budgets

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.