Monetta Financial Services Inc. Has $6.24 Million Holdings in Palantir Technologies Inc. $PLTR

Monetta Financial Services Inc. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 20.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,200 shares of the company’s stock after selling 8,800 shares during the period. Palantir Technologies accounts for about 4.4% of Monetta Financial Services Inc.’s holdings, making the stock its 7th biggest holding. Monetta Financial Services Inc.’s holdings in Palantir Technologies were worth $6,239,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLTR. Chase Investment Counsel Corp bought a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $1,313,000. Apriem Advisors increased its holdings in Palantir Technologies by 76.5% during the third quarter. Apriem Advisors now owns 4,998 shares of the company’s stock worth $912,000 after buying an additional 2,166 shares during the last quarter. Mufg Securities Americas Inc. raised its position in Palantir Technologies by 30.1% during the third quarter. Mufg Securities Americas Inc. now owns 61,328 shares of the company’s stock worth $11,187,000 after acquiring an additional 14,185 shares in the last quarter. Lake Street Private Wealth LLC lifted its stake in Palantir Technologies by 1.4% in the third quarter. Lake Street Private Wealth LLC now owns 55,565 shares of the company’s stock valued at $10,136,000 after acquiring an additional 767 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its position in shares of Palantir Technologies by 169.8% in the 3rd quarter. Krane Funds Advisors LLC now owns 14,404 shares of the company’s stock valued at $2,557,000 after acquiring an additional 9,065 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Phillip Securities began coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price on the stock. Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Argus upgraded Palantir Technologies to a “hold” rating in a research note on Monday, February 9th. Finally, HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $191.05.

Palantir Technologies Stock Down 3.4%

Shares of Palantir Technologies stock opened at $130.60 on Tuesday. The company has a market capitalization of $311.28 billion, a price-to-earnings ratio of 207.30, a PEG ratio of 2.60 and a beta of 1.64. The firm’s 50-day moving average price is $163.83 and its two-hundred day moving average price is $171.16. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 70.0% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: DISA granted Palantir provisional Impact Level 6 authorization for PFCS Forward, allowing its stack (Apollo, Gotham, Foundry, AIP) to run in the most sensitive DoD environments — a material TAM and contract-access win for federal sales. Palantir DISA Authorization
• Positive Sentiment: Palantir secured expanded U.S. government business (a reported ~$1B DHS software agreement) and signed a commercial deployment partnership with Rackspace to speed Foundry/AIP adoption in regulated industries — both actions support revenue stickiness and commercial growth. DHS & Rackspace Tie-Up
• Positive Sentiment: Some analysts have turned constructive after the pullback (upgrades and reiterations from select shops), which eases the path to rehypothecated upside if growth continues to beat. Analyst Upgrades
• Neutral Sentiment: Fundamentals remain strong: recent quarter beat revenue and EPS expectations and management guided for continued high growth — the core bull case that supports current valuations if execution stays near flawless. Earnings & Guidance
• Negative Sentiment: PLTR has been hit by a sectorwide tech pullback and was reportedly removed from a major bank’s top list, which amplified selling pressure and prompted short‑term technical weakness. Market Pullback & Governance
• Negative Sentiment: High-profile criticism (Michael Burry and others) and governance questions — including public scrutiny of executive perks — are creating headline risk that can pressure sentiment independent of operating results. Michael Burry Critique
• Negative Sentiment: Several outlets warn PLTR is priced for near‑perfect execution and could have further downside if growth or margins slip — a reminder that elevated multiples leave the stock sensitive to any execution miss. Valuation Risk / Prediction

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 400 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $151.14, for a total transaction of $60,456.00. Following the completion of the transaction, the director directly owned 58,287 shares in the company, valued at approximately $8,809,497.18. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 9,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 24,800 shares of company stock worth $4,526,436. Corporate insiders own 12.93% of the company’s stock.

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.