Virtus Wealth Solutions LLC Reduces Position in Palantir Technologies Inc. $PLTR

Virtus Wealth Solutions LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 81.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,289 shares of the company’s stock after selling 19,284 shares during the period. Virtus Wealth Solutions LLC’s holdings in Palantir Technologies were worth $782,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp boosted its position in Palantir Technologies by 25.7% during the third quarter. Westpac Banking Corp now owns 38,663 shares of the company’s stock worth $7,053,000 after purchasing an additional 7,909 shares in the last quarter. Interchange Capital Partners LLC grew its position in shares of Palantir Technologies by 15.2% in the third quarter. Interchange Capital Partners LLC now owns 8,983 shares of the company’s stock valued at $1,639,000 after purchasing an additional 1,187 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Palantir Technologies by 10.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,775,751 shares of the company’s stock worth $871,192,000 after purchasing an additional 438,314 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd raised its position in shares of Palantir Technologies by 92.1% during the 3rd quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 25,030 shares of the company’s stock worth $4,566,000 after purchasing an additional 12,000 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its stake in Palantir Technologies by 100.2% in the 3rd quarter. AlphaCore Capital LLC now owns 10,874 shares of the company’s stock valued at $1,984,000 after buying an additional 5,443 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 17,438 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 value of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares of the company’s stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,054,279 shares of company stock worth $142,212,233. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 4.2%

Palantir Technologies stock opened at $134.19 on Thursday. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The company’s 50 day moving average price is $161.79 and its two-hundred day moving average price is $170.49. The stock has a market cap of $319.83 billion, a P/E ratio of 213.00, a P/E/G ratio of 2.48 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: DISA granted Palantir Impact Level‑6 provisional authorization, allowing Palantir’s stack to run in the most sensitive DoD cloud/edge environments — expands addressable DoD opportunity and supports defense revenue durability. Read More.
• Positive Sentiment: Palantir announced a GE Aerospace partnership to support a Defense Logistics Agency contract (supply‑chain/fleet optimization for J85 engines) — a concrete, revenue‑bearing use of Palantir’s AI for defense customers. Read More.
• Positive Sentiment: Analyst bullishness: Mizuho upgraded/endorsed Palantir as a “category of one,” and several boutiques raised targets — analyst upgrades can lift sentiment and buying flows after recent weakness. Read More.
• Positive Sentiment: Nvidia CEO remarks and broad AI optimism are lifting AI platform names (tailwind for Palantir’s AIP adoption narrative). Positive industry headlines can re‑rate software multiple expansion expectations. Read More.
• Neutral Sentiment: Commercial partnerships (e.g., Rackspace) and strong earnings/growth writeups reinforce the long‑term story, but analysts remain split on valuation — supportive for holders, less decisive for near‑term direction. Read More.
• Neutral Sentiment: Options/strategy pieces (selling puts, protective trades) reflect increased trader interest and higher implied volatility — useful for income/hedge-oriented investors but not a directional fundamental change. Read More.
• Negative Sentiment: Heavy insider selling disclosed this week — multiple senior execs (including Alex Karp, S. Cohen, Shyam Sankar and others) executed large block sales, raising governance and confidence concerns among investors. Read More.
• Negative Sentiment: Governance/legal/valuation headwinds: Michael Burry’s public bearish stance, congressional trading scrutiny and articles citing a large pullback (35–38%) are amplifying fear and triggering technical selling in a high‑beta stock. Read More.
• Negative Sentiment: Reported well‑timed congressional/representative stock sales are drawing scrutiny (suspicious timing headlines) that can exacerbate short‑term volatility and investor caution. Read More.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTR. DA Davidson cut their price objective on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research report on Thursday, January 22nd. CICC Research increased their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Morgan Stanley lifted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $191.05.

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.