Palantir Technologies Inc. $PLTR Shares Sold by Firsthand Capital Management Inc.

Firsthand Capital Management Inc. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 34.5% in the third quarter, HoldingsChannel.com reports. The firm owned 36,000 shares of the company’s stock after selling 19,000 shares during the period. Palantir Technologies comprises about 11.0% of Firsthand Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Firsthand Capital Management Inc.’s holdings in Palantir Technologies were worth $6,567,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Palantir Technologies in the second quarter valued at $3,307,457,000. Vanguard Group Inc. grew its holdings in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the period. State Street Corp grew its holdings in Palantir Technologies by 6.9% during the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after acquiring an additional 6,097,629 shares during the period. Amundi raised its position in Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after acquiring an additional 4,373,201 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Palantir Technologies by 228.0% in the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock worth $945,403,000 after acquiring an additional 3,602,471 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTR. HSBC upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 3rd. Truist Financial started coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.68.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,045,279 shares of company stock worth $140,539,043 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 1.7%

NASDAQ PLTR opened at $150.95 on Monday. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company has a market cap of $361.02 billion, a PE ratio of 239.61, a PEG ratio of 2.99 and a beta of 1.70. The stock’s 50-day moving average price is $152.99 and its two-hundred day moving average price is $168.89.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. Research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Nvidia partnership: Palantir and Nvidia unveiled a sovereign AI operating‑system reference architecture, positioning Palantir to sell turnkey, government‑grade AI deployments — a clear revenue catalyst and reason analysts raised estimates. Read More.
• Positive Sentiment: Defense & industrial contract wins: GE Aerospace expanded its multi‑year deployment of Palantir AI across sustainment and production; Centrus and LG CNS also announced major partnerships — these customer wins underpin recurring commercial revenue. Read More.
• Positive Sentiment: New strategic alliances broaden addressable market: Palantir partnered with Ondas and World View for multi‑domain intelligence and highlighted customer case studies at AIPCon — supports expansion into aerospace, drones and energy. Read More.
• Positive Sentiment: Financial/operational beat and bullish analyst signal: Coverage notes a recent quarter with revenue beats and big commercial growth; Truist reiterated a Buy with a $223 target — both lend near‑term support. Read More.
• Neutral Sentiment: Wall‑street and media attention: PLTR is getting heavy analyst and retail focus (Zacks, Schwab/YouTube segments) that can amplify moves in either direction depending on flows. Read More.
• Neutral Sentiment: Analyst comparisons: Some outlets compare Palantir vs. other AI/semiconductor plays (Micron, Nvidia) — useful for framing relative valuation but not an immediate stock mover. Read More.
• Negative Sentiment: Valuation concerns after run: Coverage notes PLTR pulled back from record highs and faces steep multiples — that critique is pressuring sentiment and prompting profit‑taking. Read More.
• Negative Sentiment: Profit‑taking / short‑term selling: Analysts and trading outlets attribute today’s decline to profit‑taking after the rally, amplifying volatility. Read More.
• Negative Sentiment: Governance/tech‑credibility attacks: Michael Burry and others publicly question Palantir’s AI IP and military claims, a reputational headwind that can depress multiple and invite activist pressure. Read More.
• Negative Sentiment: Operational/geopolitical risk: Palantir’s tools are tied to Middle East operations; use of Anthropic’s Claude despite a Pentagon blacklist and IRGC threats raise policy and counterparty risk for defense contracts. Read More.
• Negative Sentiment: Media scrutiny on wartime use of Palantir systems could spur regulatory, contract or reputational fallout if incidents escalate. Read More.

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.