Abound Wealth Management Has $1.97 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Abound Wealth Management grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 833.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,066 shares of the company’s stock after acquiring an additional 9,881 shares during the quarter. Palantir Technologies accounts for approximately 0.5% of Abound Wealth Management’s investment portfolio, making the stock its 28th largest position. Abound Wealth Management’s holdings in Palantir Technologies were worth $1,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the 4th quarter worth about $450,000. Bison Wealth LLC increased its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its holdings in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, Summit Global Investments acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $247,000. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 493,025 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,045,279 shares of company stock worth $140,539,043. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 3.8%

Shares of PLTR opened at $154.78 on Wednesday. The business’s fifty day moving average is $149.68 and its 200 day moving average is $168.82. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The stock has a market cap of $370.18 billion, a P/E ratio of 245.69, a P/E/G ratio of 3.19 and a beta of 1.70.

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 the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. The Goldman Sachs Group decreased their price target on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Monday, March 16th. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Finally, William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.32.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Pentagon formalized Palantir’s Maven Smart System as a program of record, which signals longer‑term, budget-backed DoD spending and underpinned earlier upside in the stock. Read More.
• Positive Sentiment: UK’s Financial Conduct Authority awarded a short trial to use Palantir’s Foundry on enforcement/fraud datasets; the FCA publicly defended the deal, reinforcing government/regulator demand for Palantir tech. Read More.
• Positive Sentiment: Commercial partnerships continue: Palantir announced an AI mortgage operations pilot with Moder and Freedom Mortgage and a deal to support Centrus Energy’s uranium‑enrichment expansion — signals of expanding enterprise use cases beyond defense. Read More. Read More.
• Neutral Sentiment: Analyst attention remains high with several bullish price targets and buy ratings (median targets well above current levels); that supports investor interest but also keeps volatility high around updates. Read More.
• Negative Sentiment: Despite the contract wins, PLTR traded lower today as the broader software/AI sector pulled back — investors rotated defensive and pared exposure to high‑multiple tech names. Coverage explaining the intraday drop cites sector weakness outweighing company headlines. Read More. Read More.
• Negative Sentiment: Valuation worries and cautionary analyst writeups remain a drag — some commentators call Palantir’s multiple extreme relative to fundamentals and warn of downside if growth slows. Read More.
• Negative Sentiment: Reputational/political risk: press coverage links Palantir to political controversies and CEO comments that could complicate public‑sector relations and invite scrutiny — a non‑financial risk investors watch. Read More.
• Negative Sentiment: Insider selling and large institutional position changes cited in datasets may add to investor caution; monitor disclosures for timing and context. Read More.

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.