Cassaday & Co Wealth Management LLC Raises Stock Position in Palantir Technologies Inc. $PLTR

Cassaday & Co Wealth Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,229 shares of the company’s stock after buying an additional 4,654 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Palantir Technologies were worth $3,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Occidental Asset Management LLC lifted its holdings in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares during the period. Gallacher Capital Management LLC grew its stake in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares during the period. Lionshead Wealth Management LLC increased its position in shares of Palantir Technologies by 0.4% during the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares during the last quarter. Ellenbecker Investment Group lifted its stake in shares of Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares during the period. Finally, Traveka Wealth LLC lifted its stake in shares of Palantir Technologies by 1.6% in the 3rd quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock worth $674,000 after purchasing an additional 57 shares during the period. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were 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 of the company’s stock, valued at $68,156,211.88. This trade represents a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 359,325 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 transaction of $58,925,706.75. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,023,844 shares of company stock worth $167,455,085 over the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $131.36 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The company has a market capitalization of $313.09 billion, a P/E ratio of 208.51, a P/E/G ratio of 2.53 and a beta of 1.64. The company has a fifty day moving average of $168.93 and a 200 day moving average of $172.43.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Truist reaffirmed its buy stance and called Palantir an AI pure‑play, helping sentiment after strong Q4 results. Palantir Technologies (PLTR) Soars as AI Pure-Play, Truist Reaffirms Buy
• Positive Sentiment: Freedom Capital Markets issued a rare double upgrade from Sell to Buy, arguing AI agents aren’t an existential threat and highlighting Palantir’s strong Q4 metrics. PLTR Stock Jumps from Sell to Buy — Analyst Says ‘AI Agents Not a Threat to Palantir’
• Positive Sentiment: Phillip Securities (Paul Chew) kept a Buy rating, highlighting sustained outperformance and AI-driven growth despite a trimmed PT — supports the buy-side narrative. Palantir: Sustained Outperformance and AI-Driven Growth Underpin Buy Rating Despite Normalized Long-Term Outlook
• Neutral Sentiment: High-profile investors remain engaged — Cathie Wood reportedly increased exposure to Palantir as a high‑conviction AI name, adding to investor interest but not company fundamentals. Alphabet or Palantir: Cathie Wood Loads Up on One High-Conviction AI Stock
• Neutral Sentiment: Market chatter includes big trader calls and leveraged products (e.g., PLTW ETF) that can amplify moves — relevant for intraday liquidity and volatility but not long-term fundamentals. Veteran trader makes eye-popping call on Palantir amid software slump
• Negative Sentiment: Michael Burry publicly targeted Palantir with allegations of covert smear campaigns and warned of a large downside, triggering reputational risk and headline-driven selling. ‘Big Short’ Investor Michael Burry Targets Palantir Over ‘Covert Smear’ Claims, Warns Of Over 50% Stock Collapse
• Negative Sentiment: Insiders have sold more than $1 billion of stock in the past year — a red flag for some investors and a potential source of selling pressure. Palantir insiders have cashed out over $1B, more than the company earned
• Negative Sentiment: Shares have pulled back sharply (~27% over the past month) despite strong Q4 results — investors cite valuation and broader AI/tech rotation as drivers of the sell‑off. Should Investors Buy Palantir Stock (PLTR) after the Recent Pullback? Wall Street Weighs in

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, February 10th. Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Weiss Ratings lowered Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Bank of America lifted their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.05.

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.