Sovran Advisors LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Sovran Advisors LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 258.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,522 shares of the company’s stock after acquiring an additional 32,836 shares during the quarter. Sovran Advisors LLC’s holdings in Palantir Technologies were worth $6,333,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Rossmore Private Capital lifted its stake in shares of Palantir Technologies by 17.6% in the 1st quarter. Rossmore Private Capital now owns 7,356 shares of the company’s stock worth $1,076,000 after acquiring an additional 1,100 shares during the period. Summit Financial Strategies Inc. increased its stake in shares of Palantir Technologies by 3.1% during the first quarter. Summit Financial Strategies Inc. now owns 2,382 shares of the company’s stock worth $348,000 after acquiring an additional 71 shares during the period. Sachetta LLC raised its holdings in Palantir Technologies by 8.3% during the first quarter. Sachetta LLC now owns 1,534 shares of the company’s stock worth $224,000 after purchasing an additional 118 shares in the last quarter. TSA Wealth Managment LLC raised its holdings in Palantir Technologies by 31.4% during the first quarter. TSA Wealth Managment LLC now owns 1,842 shares of the company’s stock worth $269,000 after purchasing an additional 440 shares in the last quarter. Finally, Triton Wealth Management PLLC lifted its position in Palantir Technologies by 1.9% in the first quarter. Triton Wealth Management PLLC now owns 4,097 shares of the company’s stock valued at $605,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock traded down $2.25 during mid-day trading on Friday, reaching $126.79. The company had a trading volume of 31,089,118 shares, compared to its average volume of 41,740,524. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market capitalization of $303.95 billion, a P/E ratio of 142.46, a P/E/G ratio of 2.03 and a beta of 1.56. The stock’s 50-day simple moving average is $132.58 and its 200-day simple moving average is $146.40.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 return on equity of 28.34% and a net margin of 43.67%.The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLTR shares. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $205.00 to $151.00 in a report on Friday, May 1st. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. Finally, President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.50 to $133.00 in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.85.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
• Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
• Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
• Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
• Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
• Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
• Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?

Insider Activity

In other news, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $87,444,607.44. This trade represents a 20.48% 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 90 days. Insiders own 9.53% 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.