Hartline Investment Corp Sells 23,607 Shares of Palantir Technologies Inc. $PLTR

Hartline Investment Corp trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,034 shares of the company’s stock after selling 23,607 shares during the period. Palantir Technologies accounts for about 1.6% of Hartline Investment Corp’s investment portfolio, making the stock its 17th biggest holding. Hartline Investment Corp’s holdings in Palantir Technologies were worth $14,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gallacher Capital Management LLC raised its stake in shares of Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock worth $447,000 after buying an additional 53 shares during the last quarter. Bare Financial Services Inc grew its holdings in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. AlphaQuest LLC grew its holdings in Palantir Technologies by 15.8% during the third quarter. AlphaQuest LLC now owns 425 shares of the company’s stock valued at $78,000 after purchasing an additional 58 shares during the period. Beaumont Financial Advisors LLC grew its holdings in Palantir Technologies by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock valued at $527,000 after purchasing an additional 59 shares during the period. Finally, Transcend Capital Advisors LLC grew its holdings in Palantir Technologies by 0.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock valued at $1,890,000 after purchasing an additional 60 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the transaction, the insider owned 199,759 shares of the company’s stock, valued at $27,175,214.36. The trade was a 8.96% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 923,756 shares of company stock valued at $125,660,329. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PLTR shares. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Thursday. Phillip Securities boosted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Stock Down 0.4%

Palantir Technologies stock opened at $136.88 on Friday. The stock has a market capitalization of $328.14 billion, a PE ratio of 153.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The company has a 50 day moving average of $142.88 and a 200-day moving average of $157.76.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The company 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 business’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Equities analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

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.