Palantir Technologies Inc. $PLTR Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,263 shares of the company’s stock after selling 4,727 shares during the period. Fortis Group Advisors LLC’s holdings in Palantir Technologies were worth $4,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Financial Group Inc. boosted its position in Palantir Technologies by 17.8% during the fourth quarter. Legacy Financial Group Inc. now owns 4,322 shares of the company’s stock worth $768,000 after acquiring an additional 653 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its position in Palantir Technologies by 7.8% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 7,489 shares of the company’s stock worth $1,331,000 after acquiring an additional 545 shares during the last quarter. Aspen Investment Management Inc boosted its position in Palantir Technologies by 1,010.4% during the fourth quarter. Aspen Investment Management Inc now owns 13,902 shares of the company’s stock worth $2,471,000 after acquiring an additional 12,650 shares during the last quarter. Pinkerton Wealth LLC boosted its position in Palantir Technologies by 6.6% during the fourth quarter. Pinkerton Wealth LLC now owns 22,323 shares of the company’s stock worth $3,968,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Fischer Financial Services Inc. boosted its position in Palantir Technologies by 12.7% during the fourth quarter. Fischer Financial Services Inc. now owns 11,797 shares of the company’s stock worth $2,097,000 after acquiring an additional 1,328 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the company’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 $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is owned by company insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Rosenblatt reportedly views Palantir’s recent pullback as a buying opportunity, pointing to the company’s strong execution and continued AI-driven growth narrative. Rosenblatt Sees the Pullback in Palantir Stock (PLTR) as a Buying Opportunity, Here’s Why
• Positive Sentiment: Several recent pieces highlight Palantir’s record quarterly results, including 85% revenue growth and expanding margins, reinforcing the view that business momentum remains exceptionally strong. Palantir Technologies (NASDAQ: PLTR)
• Positive Sentiment: Market commentary says Palantir’s expanding customer base and rising U.S. commercial adoption continue to support its enterprise AI growth story. PLTR’s Customer Growth Momentum Strengthens Enterprise AI Expansion
• Neutral Sentiment: New autocallable ETFs tied to Palantir launched this week, adding more trading products linked to the stock but not changing the underlying business outlook. GraniteShares Expands Autocallable ETF Lineup with Launch of PLTR and HOOD ETFs
• Negative Sentiment: Bearish articles continue to warn that Palantir is “priced for perfection” and may be vulnerable if growth slows or expectations cool further. Palantir Technologies: Priced For Perfection, And That’s Concerning
• Negative Sentiment: Some analysts and commentators are also flagging valuation risk and competition from AI labs like OpenAI and Anthropic as longer-term threats to the PLTR story. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Phillip Securities boosted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Oppenheimer assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Mizuho dropped their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. DA Davidson dropped their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $137.15 on Thursday. The firm has a 50 day simple moving average of $143.45 and a 200-day simple moving average of $158.35. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52. The stock has a market cap of $328.79 billion, a price-to-earnings ratio of 154.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. Equities analysts expect that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies 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.