Main Street Research LLC Decreases Position in Palantir Technologies Inc. $PLTR

Main Street Research LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 61.9% in the first quarter, HoldingsChannel.com reports. The firm owned 167,647 shares of the company’s stock after selling 272,603 shares during the quarter. Palantir Technologies comprises about 1.4% of Main Street Research LLC’s investment portfolio, making the stock its 29th largest holding. Main Street Research LLC’s holdings in Palantir Technologies were worth $24,523,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $5,149,641,000. State Street Corp raised its stake in Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Cardano Risk Management B.V. raised its stake in Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after acquiring an additional 5,938,343 shares in the last quarter. Corient Private Wealth LLC lifted its position in Palantir Technologies by 1,449.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after acquiring an additional 4,932,364 shares during the last quarter. Finally, Amundi lifted its position in Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after acquiring an additional 4,373,201 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,112,270 shares of company stock worth $150,247,785 in the last three months. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 2.4%

Shares of NASDAQ:PLTR opened at $129.04 on Friday. The company has a market cap of $309.35 billion, a price-to-earnings ratio of 144.99, a PEG ratio of 2.11 and a beta of 1.56. The firm’s 50-day simple moving average is $132.81 and its 200-day simple moving average is $146.54. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir expanded its partnership with GNP Seguros, marking its first publicly announced commercial customer in Latin America and reinforcing momentum in its enterprise AI rollout. Palantir Technologies (PLTR) Expands Partnership with GNP Seguros
• Positive Sentiment: Palantir also announced a broader strategic partnership with Rackspace and SNP to accelerate enterprise AI and SAP transformations, highlighting continued commercial expansion. Rackspace Technology Launches Operating Framework with Palantir for Regulated Enterprises to Accelerate Enterprise AI in Production
• Positive Sentiment: Several analyst-style articles argue that Palantir still has upside because of strong financial results, accelerating growth, and sticky AI software that is hard to replicate. Here’s How Much More Upside Is Left in Palantir Stock, According to Wall Street Analysts
• Neutral Sentiment: Bullish commentary and price-target articles continue to frame Palantir as a long-term AI winner, but these pieces are more sentiment-driven than immediate catalysts. Can Palantir Stock Reach $200 in 2026?
• Neutral Sentiment: One article noted a large insider sale by Shyam Sankar, but the trade was made under a pre-arranged Rule 10b5-1 plan, which limits how bearish it should be read. Insider trading update
• Negative Sentiment: Palantir is facing political and regulatory scrutiny over its government contracts, including reporting on a blocked London police deal and concerns that Democrats could target its federal business. Palantir says UK police contract wrongly blocked over perceived ‘values’
• Negative Sentiment: Valuation worries are also pressuring the stock, with several pieces pointing to Palantir’s very high P/E as a risk if growth slows. Palantir: Implications Of 90x P/E

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. DA Davidson raised Palantir Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a research report on Thursday, July 2nd. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Friday, June 5th. Finally, HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.85.

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.