Destination Wealth Management Sells 11,712 Shares of Palantir Technologies Inc. $PLTR

Destination Wealth Management reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 40.4% in the third quarter, HoldingsChannel.com reports. The fund owned 17,275 shares of the company’s stock after selling 11,712 shares during the quarter. Destination Wealth Management’s holdings in Palantir Technologies were worth $3,151,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter worth approximately $450,000. Bison Wealth LLC boosted its holdings in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its position in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. grew its position in shares of 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, Advisors Capital Management LLC increased its stake in shares of Palantir Technologies by 334.5% in the 2nd quarter. Advisors Capital Management LLC now owns 14,317 shares of the company’s stock valued at $1,952,000 after acquiring an additional 11,022 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Nvidia partnership: Palantir and Nvidia unveiled a sovereign AI operating‑system reference architecture, positioning Palantir to sell turnkey, government‑grade AI deployments — a clear revenue catalyst and reason analysts raised estimates. Read More.
• Positive Sentiment: Defense & industrial contract wins: GE Aerospace expanded its multi‑year deployment of Palantir AI across sustainment and production; Centrus and LG CNS also announced major partnerships — these customer wins underpin recurring commercial revenue. Read More.
• Positive Sentiment: New strategic alliances broaden addressable market: Palantir partnered with Ondas and World View for multi‑domain intelligence and highlighted customer case studies at AIPCon — supports expansion into aerospace, drones and energy. Read More.
• Positive Sentiment: Financial/operational beat and bullish analyst signal: Coverage notes a recent quarter with revenue beats and big commercial growth; Truist reiterated a Buy with a $223 target — both lend near‑term support. Read More.
• Neutral Sentiment: Wall‑street and media attention: PLTR is getting heavy analyst and retail focus (Zacks, Schwab/YouTube segments) that can amplify moves in either direction depending on flows. Read More.
• Neutral Sentiment: Analyst comparisons: Some outlets compare Palantir vs. other AI/semiconductor plays (Micron, Nvidia) — useful for framing relative valuation but not an immediate stock mover. Read More.
• Negative Sentiment: Valuation concerns after run: Coverage notes PLTR pulled back from record highs and faces steep multiples — that critique is pressuring sentiment and prompting profit‑taking. Read More.
• Negative Sentiment: Profit‑taking / short‑term selling: Analysts and trading outlets attribute today’s decline to profit‑taking after the rally, amplifying volatility. Read More.
• Negative Sentiment: Governance/tech‑credibility attacks: Michael Burry and others publicly question Palantir’s AI IP and military claims, a reputational headwind that can depress multiple and invite activist pressure. Read More.
• Negative Sentiment: Operational/geopolitical risk: Palantir’s tools are tied to Middle East operations; use of Anthropic’s Claude despite a Pentagon blacklist and IRGC threats raise policy and counterparty risk for defense contracts. Read More.
• Negative Sentiment: Media scrutiny on wartime use of Palantir systems could spur regulatory, contract or reputational fallout if incidents escalate. Read More.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the sale, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This represents a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. The trade was a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,045,279 shares of company stock valued at $140,539,043 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLTR shares. Mizuho raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, February 18th. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. DA Davidson dropped their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. Two equities research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.68.

Palantir Technologies Trading Down 1.7%

NASDAQ PLTR opened at $150.95 on Monday. The company has a fifty day simple moving average of $152.99 and a 200 day simple moving average of $168.89. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a market cap of $361.02 billion, a P/E ratio of 239.61, a PEG ratio of 2.99 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. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue was up 70.0% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS 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.