Palantir Technologies Inc. $PLTR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.8% during the third quarter, Holdings Channel reports. The firm owned 2,966,087 shares of the company’s stock after selling 600,389 shares during the quarter. Palantir Technologies comprises approximately 1.1% of ProShare Advisors LLC’s holdings, making the stock its 11th biggest position. ProShare Advisors LLC’s holdings in Palantir Technologies were worth $541,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Briaud Financial Planning Inc acquired a new position in Palantir Technologies during the second quarter worth about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $29,000. Finally, Zeit Capital LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir announced a partnership with Cognizant to accelerate AI-driven healthcare modernization, expanding Foundry/AIP distribution into large healthcare IT workflows — a commercially meaningful customer/partner win that supports revenue growth expectations. Palantir (PLTR) Cognizant partner to accelerate AI-driven healthcare modernization
• Positive Sentiment: Recent quarterly results show revenue and EPS beats (strong growth and improving margins), which underpin the company’s fundamentals and help explain buy-the-dip interest from some investors. Strong Palantir (PLTR) Results Fail to Shift RBC’s Bearish Stance
• Neutral Sentiment: Some investors/publications argue Palantir could stabilize after the pullback (a view that can limit further outflows but is not a clear buy signal). ‘A Backwater No Longer’: This Investor Doesn’t Expect Palantir to Keep Dropping
• Neutral Sentiment: Billionaire Peter Thiel’s hedge fund holdings do not include Palantir (and his public commentary is more philosophical than a direct endorsement), which is notable given his role but ambiguous for the stock’s near-term flow. The Only 3 AI Stocks Billionaire Peter Thiel’s Hedge Fund Owns (Hint: Palantir or Nvidia Aren’t on the List)
• Negative Sentiment: Multiple media pieces and analysts warn Palantir remains richly valued and susceptible to large pullbacks; one analysis argues historical patterns imply significantly more downside from the peak. Those narratives pressure sentiment and can drive further selling. AI Superstar Palantir Has Plunged 37% From Its All-Time High — and a Minimum Decline of 60% Should Be Expected
• Negative Sentiment: Analyst notes and commentary (Jefferies, RBC, Seeking Alpha coverage) emphasize valuation concerns despite good results; several outlets call PLTR expensive or a potential “bull trap,” keeping a cap on rerating. Palantir Technologies’ valuation concerns weighing on stock despite strong fundamentals, Jefferies says
• Negative Sentiment: Opinion pieces suggesting alternatives (e.g., UiPath) can divert investment flows away from PLTR, especially among value-seeking or rotation-minded investors. Palantir Stock Is Interesting, but Here’s What I’d Buy Instead

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $191.95.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 149,872 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 15,557 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the completion of the transaction, the insider directly owned 415,612 shares in the company, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,023,844 shares of company stock worth $167,455,085 over the last 90 days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $135.90 on Monday. The stock has a market capitalization of $323.91 billion, a price-to-earnings ratio of 215.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.64. The business has a 50-day moving average of $173.84 and a two-hundred day moving average of $173.38. 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 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The company’s revenue was up 70.0% on a year-over-year basis. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.