Hodges Capital Management Inc. Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

Hodges Capital Management Inc. reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.9% during the third quarter, Holdings Channel reports. The institutional investor owned 124,333 shares of the company’s stock after selling 13,635 shares during the quarter. Palantir Technologies comprises 1.9% of Hodges Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Hodges Capital Management Inc.’s holdings in Palantir Technologies were worth $22,681,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PLTR. Financial Consulate Inc. bought a new stake in Palantir Technologies in the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at $31,000. Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $32,000. Marquette Asset Management LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at about $34,000. Finally, Millstone Evans Group LLC increased its position in Palantir Technologies by 98.0% during the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Headquarters move to Florida: Palantir officially relocated its corporate HQ to Miami, joining other tech firms attracted by Florida’s business-friendly policies and tax environment — a perceived long-term positive for costs, talent incentives and executive flexibility. Palantir moving its headquarters from Denver to Miami
• Positive Sentiment: Strong results and analyst support: Investors continue to price in Palantir’s robust Q4 results and AI-driven growth narrative; recent analyst reaffirmations/upgrades and heavy options activity have amplified demand and momentum. These fundamental/flow catalysts help explain buying interest after a recent pullback. Palantir Technologies (PLTR) Soars as AI Pure-Play, Truist Reaffirms Buy
• Neutral Sentiment: Geopolitical/prediction-market noise: Coverage of Iran diplomatic developments and prediction markets notes that defense/intelligence contractors (including Palantir) could benefit under some scenarios — this is speculative and creates short-term headline-driven trading rather than a clear directional fundamental change. Trump Called Iran ‘Tough Negotiators’—What Do Prediction Markets Say About A Nuclear Deal?
• Neutral Sentiment: High retail and quant interest: PLTR remains among the most-searched/optioned names (heavy retail and quant attention), which increases intraday volatility and can amplify moves in either direction. Investors Heavily Search Palantir Technologies Inc. (PLTR)
• Negative Sentiment: Michael Burry and short-side scrutiny: Prominent investor Michael Burry renewed public attacks and a bearish valuation thesis (claims of covert smear tactics and a sub‑$50 fair value), fueling negative headlines and heightened downside risk perception among some market participants. ‘Big Short’ Investor Michael Burry Targets Palantir
• Negative Sentiment: Insider selling and valuation worries: Reports that insiders have sold over $1B (exceeding recent net income) plus commentary about rich multiples and a recent multi-week pullback are pressuring sentiment and leaving the stock vulnerable to profit-taking. Palantir insiders have cashed out over $1B
• Negative Sentiment: Valuation and “AI risk” debate: Several analysts and commentators warn that lofty expectations and fast-growing AI competition create downside risk if growth normalizes, contributing to the recent volatility and corrective pressure. ‘AI Disrupting AI’: Top Investor Warns Palantir Stock Could Be in Trouble

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $133.02 on Wednesday. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The stock has a 50-day moving average of $167.95 and a 200 day moving average of $172.28. The company has a market capitalization of $317.05 billion, a price-to-earnings ratio of 211.15, a PEG ratio of 2.53 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PLTR shares. DA Davidson dropped their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research report on Thursday, January 22nd. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $191.05.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 400 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the transaction, the director directly owned 58,287 shares of the company’s stock, valued at $8,809,497.18. This represents a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 45,564 shares of Palantir Technologies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $7,119,375.00. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,005,040,312.50. The trade was a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,023,844 shares of company stock valued at $167,455,085 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

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.