Allen Holding Inc. NY Cuts Position in Palantir Technologies Inc. $PLTR

Allen Holding Inc. NY reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,700,000 shares of the company’s stock after selling 200,000 shares during the quarter. Palantir Technologies comprises 29.3% of Allen Holding Inc. NY’s holdings, making the stock its 2nd largest holding. Allen Holding Inc. NY’s holdings in Palantir Technologies were worth $310,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Financial Strategies LLC grew its position in shares of Palantir Technologies by 15.3% during the 3rd quarter. Legacy Financial Strategies LLC now owns 12,486 shares of the company’s stock worth $2,278,000 after buying an additional 1,660 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Palantir Technologies by 43.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 67,316 shares of the company’s stock worth $12,280,000 after acquiring an additional 20,529 shares in the last quarter. Francis Financial Inc. acquired a new stake in Palantir Technologies in the third quarter worth $214,000. Tempus Wealth Planning LLC increased its stake in Palantir Technologies by 12.0% in the third quarter. Tempus Wealth Planning LLC now owns 8,913 shares of the company’s stock valued at $1,626,000 after purchasing an additional 955 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in Palantir Technologies by 6.6% in the third quarter. New York Life Investment Management LLC now owns 308,531 shares of the company’s stock valued at $56,282,000 after purchasing an additional 19,200 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $151.14, for a total transaction of $60,456.00. Following the sale, the director directly owned 58,287 shares in the company, valued at approximately $8,809,497.18. This trade represents a 0.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,844 shares of company stock valued at $167,455,085 in the last three months. 9.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLTR. The Goldman Sachs Group cut their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Phillip Securities started coverage on Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price target on the stock. UBS Group decreased their price objective on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Weiss Ratings cut Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Finally, Daiwa Securities Group boosted their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $191.95.

Palantir Technologies Trading Up 4.5%

Shares of NASDAQ:PLTR opened at $135.90 on Monday. The stock has a market cap of $323.91 billion, a PE ratio of 215.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.64. The stock’s fifty day simple moving average is $173.84 and its two-hundred day simple moving average is $173.38. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir announced a partnership with Cognizant to accelerate AI-driven healthcare modernization, expanding Foundry/AIP distribution into large healthcare IT workflows — a commercially meaningful customer/partner win that supports revenue growth expectations. Palantir (PLTR) Cognizant partner to accelerate AI-driven healthcare modernization
• Positive Sentiment: Recent quarterly results show revenue and EPS beats (strong growth and improving margins), which underpin the company’s fundamentals and help explain buy-the-dip interest from some investors. Strong Palantir (PLTR) Results Fail to Shift RBC’s Bearish Stance
• Neutral Sentiment: Some investors/publications argue Palantir could stabilize after the pullback (a view that can limit further outflows but is not a clear buy signal). ‘A Backwater No Longer’: This Investor Doesn’t Expect Palantir to Keep Dropping
• Neutral Sentiment: Billionaire Peter Thiel’s hedge fund holdings do not include Palantir (and his public commentary is more philosophical than a direct endorsement), which is notable given his role but ambiguous for the stock’s near-term flow. The Only 3 AI Stocks Billionaire Peter Thiel’s Hedge Fund Owns (Hint: Palantir or Nvidia Aren’t on the List)
• Negative Sentiment: Multiple media pieces and analysts warn Palantir remains richly valued and susceptible to large pullbacks; one analysis argues historical patterns imply significantly more downside from the peak. Those narratives pressure sentiment and can drive further selling. AI Superstar Palantir Has Plunged 37% From Its All-Time High — and a Minimum Decline of 60% Should Be Expected
• Negative Sentiment: Analyst notes and commentary (Jefferies, RBC, Seeking Alpha coverage) emphasize valuation concerns despite good results; several outlets call PLTR expensive or a potential “bull trap,” keeping a cap on rerating. Palantir Technologies’ valuation concerns weighing on stock despite strong fundamentals, Jefferies says
• Negative Sentiment: Opinion pieces suggesting alternatives (e.g., UiPath) can divert investment flows away from PLTR, especially among value-seeking or rotation-minded investors. Palantir Stock Is Interesting, but Here’s What I’d Buy Instead

About Palantir Technologies

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.