Hodges Capital Management Inc. Has $18.69 Million Stake in Palantir Technologies Inc. $PLTR

Hodges Capital Management Inc. decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 15.4% in the fourth quarter, HoldingsChannel reports. The firm owned 105,135 shares of the company’s stock after selling 19,198 shares during the period. Palantir Technologies accounts for about 1.6% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Hodges Capital Management Inc.’s holdings in Palantir Technologies were worth $18,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Townsquare Capital LLC boosted its stake in shares of Palantir Technologies by 9.1% during the 4th quarter. Townsquare Capital LLC now owns 8,696 shares of the company’s stock valued at $1,546,000 after buying an additional 723 shares during the period. Wellspring Financial Advisors LLC boosted its stake in shares of Palantir Technologies by 27.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 2,805 shares of the company’s stock valued at $499,000 after buying an additional 602 shares during the period. Zions Bancorporation National Association UT boosted its stake in shares of Palantir Technologies by 3.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 13,675 shares of the company’s stock valued at $2,431,000 after buying an additional 479 shares during the period. GWN Securities Inc. boosted its stake in shares of Palantir Technologies by 41.9% during the 4th quarter. GWN Securities Inc. now owns 3,884 shares of the company’s stock valued at $690,000 after buying an additional 1,147 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Palantir Technologies by 7.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 474,863 shares of the company’s stock valued at $84,407,000 after buying an additional 33,494 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Management continues to showcase demand for Palantir’s AI platform, with the company highlighting customer adoption at AIPCon and announcing new enterprise partnerships, including a multi-year AI deal with McCarthy Building Companies and an AI-powered platform with Kirkland & Ellis. These updates reinforce the bull case that PLTR is becoming a core enterprise AI layer. Palantir’s AIPCon Shows Why Customers Are Fueling the Bull Case
• Positive Sentiment: Several analysts and commentators remain constructive, with Rosenblatt reiterating a buy rating and Wedbush maintaining an outperform view. That suggests some Wall Street support remains despite the recent pullback. Rosenblatt Remains a Buy On Palantir Technologies (PLTR)
• Positive Sentiment: CEO Alex Karp’s comments about enterprise customers being frustrated with frontier AI labs like OpenAI and Anthropic may help Palantir position itself as the safer, more enterprise-ready AI alternative. He also highlighted enthusiasm around SpaceX, which keeps Palantir tied to major AI/defense themes. Palantir’s Karp says businesses are ‘unhappy’ with the frontier AI labs
• Neutral Sentiment: The stock remains highly sensitive to AI sentiment and hype-cycle comparisons, with multiple articles debating whether PLTR’s premium valuation is justified after a strong run and sharp pullback. Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
• Neutral Sentiment: Michael Burry’s reported short against Palantir is still drawing attention and may be amplifying caution around AI stocks broadly, but it is more a sentiment overhang than a direct business development. Michael Burry’s NVDA, PLTR Shorts Are Paying Off—And More Trouble May Be Coming For AI Stocks
• Negative Sentiment: The biggest drag on PLTR is valuation risk: several recent pieces argue the stock is still expensive even after the selloff, and that earnings are the next key catalyst to prove the growth story can keep up with the multiple. Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
• Negative Sentiment: Broader negative headlines around AI competition, including new Anthropic model releases and concerns about frontier-lab economics, are pressuring sentiment across software names and may be contributing to Palantir’s recent decline. Workday, Oracle, and Palantir Technologies Shares Plummet, What You Need To Know
• Negative Sentiment: There is also fresh political/regulatory noise around Palantir’s UK NHS contract review, which could add headline risk if officials move toward using a break clause in 2027. UK reviewing Palantir’s NHS contract amid pressure to use break clause

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction 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 trade represents a 5.82% 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 ninety days, insiders have sold 925,789 shares of company stock worth $126,007,032. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 1.4%

PLTR stock opened at $130.21 on Thursday. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52. The company has a fifty day simple moving average of $140.21 and a 200 day simple moving average of $154.11. The firm has a market cap of $312.15 billion, a PE ratio of 146.31, a PEG ratio of 2.10 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Citigroup lifted their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. DA Davidson reduced their price objective on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.76.

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.