New Wave Wealth Advisors LLC Sells 5,289 Shares of Palantir Technologies Inc. $PLTR

New Wave Wealth Advisors LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 22.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,441 shares of the company’s stock after selling 5,289 shares during the quarter. Palantir Technologies comprises 1.2% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. New Wave Wealth Advisors LLC’s holdings in Palantir Technologies were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. State Street Corp boosted its position in Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after acquiring an additional 6,097,629 shares during the last quarter. Norges Bank bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $3,307,457,000. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 16.0% in the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Palantir Technologies by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company’s stock worth $1,914,238,000 after purchasing an additional 427,840 shares in the last quarter. Institutional investors 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: Phillip Securities initiated coverage with a Buy and a $208 price target, giving the stock a clear catalyst for upside from investors who follow brokerage initiations. Palantir Stock (PLTR) Is Trading Higher Today — Here’s What This Analyst Sees Next
• Positive Sentiment: Coverage and commentary are being reinforced by big commercial wins — reporting around a “hundreds of millions” deal with Hyundai — which underpins revenue growth expectations and helps justify PLTR’s premium multiple. Palantir Stock Won a Huge Upgrade. Can an AI Supercycle Power Shares Higher?
• Positive Sentiment: Palantir was named as a partner in a major EMEA AI data‑center buildout (with Accenture, Dell and Nvidia), which could deepen enterprise footprint and create multi-year infrastructure/customer opportunities. UK’s Sovereign AI Taps Accenture, Palantir For Massive AI Buildout
• Positive Sentiment: High-profile bullish commentary (e.g., Wedbush/Daniel Ives at Davos) is reinforcing the narrative that Palantir is an AI infrastructure/analytics winner, boosting investor sentiment beyond pure fundamentals. NVDA, PLTR: Daniel Ives Hails Nvidia and Palantir as AI Powerhouses at Davos
• Positive Sentiment: Institutional buying and “earnings momentum” coverage are being cited as the key metric bulls watch heading into results, suggesting expectations for continued revenue/earnings strength are supporting the rally. The One Metric Bulls Watch in Palantir Before Earnings
• Neutral Sentiment: Wall Street views remain mixed: Mizuho reiterated a Hold while keeping a relatively high $205 12‑month target, signaling bullish targets but also caution about near‑term returns. Wall Street sets Palantir stock price for the next 12 months
• Neutral Sentiment: CEO Alex Karp publicly downplayed an AI “bubble,” a message intended to reassure investors but one that doesn’t materially change near‑term financials. Palantir CEO Alex Karp Dismisses AI Bubble Concerns, Says ‘A Lot Of AI Just Doesn’t Work’
• Neutral Sentiment: Analysts and analysts’ pieces (e.g., Seeking Alpha) argue valuation debates may miss nuance in Palantir’s growth profile — useful context but not an immediate price driver. Palantir: The Valuation Debate Misses A Critical Signal
• Negative Sentiment: Valuation remains a principal risk — several outlets warn PLTR’s premium P/E requires continued near‑perfect execution to avoid a sharp correction. That keeps downside risk if growth slows. Assessing Palantir Technologies (PLTR) Valuation After Strong Long Term Returns And Recent Share Price Weakness
• Negative Sentiment: Some Wall Street analysts have flagged potential large drawdowns for popular AI names if execution or macro conditions deteriorate — a reminder that sentiment can reverse quickly. 2 Popular AI Stocks to Sell Before They Drop 70% and 60% in 2026, According to Wall Street Analysts

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLTR shares. Robert W. Baird raised their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Mizuho increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a report on Thursday. Finally, CICC Research increased their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $184.07.

Insider Buying and Selling at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the sale, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the completion of the transaction, the insider directly owned 239,409 shares in the company, valued at $43,416,822.15. The trade was a 4.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 in the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 0.3%

PLTR opened at $165.90 on Friday. The stock has a market cap of $395.41 billion, a price-to-earnings ratio of 395.01, a PEG ratio of 4.16 and a beta of 1.54. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The business has a 50 day moving average of $176.73 and a 200-day moving average of $172.70.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. As a group, analysts expect 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.