St. Louis Financial Planners Asset Management LLC Acquires New Stake in Palantir Technologies Inc. $PLTR

St. Louis Financial Planners Asset Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,116 shares of the company’s stock, valued at approximately $3,248,000. Palantir Technologies comprises approximately 1.7% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Milestone Asset Management LLC grew its position in shares of Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after buying an additional 42,173 shares during the period. VCI Wealth Management LLC increased its stake in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,621 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $222,143,000. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares during the period. Finally, KBC Group NV boosted its stake in Palantir Technologies by 11.1% during the fourth quarter. KBC Group NV now owns 712,493 shares of the company’s stock worth $126,646,000 after acquiring an additional 71,312 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. This trade represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,112,270 shares of company stock worth $150,247,785 in the last three months. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $155.92 on Friday. The stock has a 50 day moving average price of $131.45 and a two-hundred day moving average price of $139.69. The firm has a market capitalization of $373.79 billion, a P/E ratio of 133.26, a P/E/G ratio of 2.42 and a beta of 1.59. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.21 earnings per share for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Blowout earnings and higher guidance remain the main bullish catalyst. Palantir reported second-quarter revenue of approximately $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. U.S. commercial revenue surged 149%, while government revenue rose 90%. The company also raised its full-year revenue, profit and cash-flow outlook, reinforcing expectations for continued AI demand and accelerating growth. Palantir Just Reported a Blowout Quarter and Raised Its Guidance
• Positive Sentiment: Analyst earnings estimates are moving higher. Northland Securities raised its forecasts for several upcoming quarters, including Q3 2026 EPS to $0.30 from $0.27 and Q4 2026 EPS to $0.35 from $0.29. Piper Sandler also assigned an “Overweight” rating, while other analysts said the results make a potential return to $200 more plausible. Palantir Earns Overweight Rating from Piper Sandler
• Positive Sentiment: Founder and investor confidence provides a supportive signal. Peter Thiel continues to own roughly 3% of Palantir, a stake valued at more than $10 billion, suggesting continued conviction in the company’s long-term growth prospects. Peter Thiel Still Owns Roughly 3% of Palantir

Analysts Set New Price Targets

A number of equities research analysts have commented on PLTR shares. William Blair assumed coverage on shares of Palantir Technologies in a report on Tuesday. They issued a “neutral” rating for the company. Mizuho raised their target price on Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. BNP Paribas Exane assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an “underperform” rating for the company. UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Finally, DA Davidson increased their price target on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $190.73.

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.