Washburn Capital Management Inc. Reduces Position in Palantir Technologies Inc. $PLTR

Washburn Capital Management Inc. cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 69.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,995 shares of the company’s stock after selling 4,453 shares during the quarter. Washburn Capital Management Inc.’s holdings in Palantir Technologies were worth $355,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bare Financial Services Inc grew its holdings in shares of 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 buying an additional 55 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of Palantir Technologies during the third quarter valued at $30,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $31,000. United Financial Planning Group LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $32,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the transaction, the insider owned 219,421 shares in the company, valued at $29,340,976.12. This represents a 8.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. This trade represents a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,029,879 shares of company stock worth $137,746,253. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $140.76 on Thursday. The firm has a 50-day simple moving average of $144.76 and a two-hundred day simple moving average of $167.09. The company has a market cap of $336.65 billion, a P/E ratio of 223.43, a price-to-earnings-growth ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a fifty-two week low of $77.27 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Large commercial deal expansion — Stellantis renewed and expanded its partnership to deploy Palantir’s data and AI across auto operations, a meaningful commercial win that supports recurring revenue and enterprise adoption. Stellantis Balances US Model Refreshes With Expanded Palantir AI Push
• Positive Sentiment: Bullish price targets and analyst optimism — multiple pieces highlight upside scenarios (including $225–$230 targets) and upgrades that reflect expectations for Palantir to convert AI demand into sustained revenue growth. These can underpin momentum if results keep beating estimates. Prediction: This Will Be Palantir’s Stock Price in 1 Year
• Positive Sentiment: Product/market traction — conference coverage (DevCon5) and recent commentary note rising customer counts, larger contract values and strong revenue growth — fundamental drivers that support longer‑term upside. Palantir: DevCon5 Shows A Disruptor, Not The Disrupted
• Neutral Sentiment: UK/NHS developments are mixed — an NHS data chief publicly praises Palantir’s results and pushes for wider rollout, which could mean larger public contracts, but the story remains politically and ethically charged. Policymaker and staff pushback creates execution and PR risk. NHS data chief pushes for deeper rollout of Palantir technology despite outcry
• Negative Sentiment: High‑profile criticism from Michael Burry — public warnings that Palantir is overvalued and that competitors like Anthropic are taking enterprise AI share triggered a sharp investor reaction and a ~6% intraday decline in coverage reports. That criticism amplifies valuation scrutiny for a richly priced stock. Palantir (PLTR) Stock Tumbles 6% Following Burry’s Anthropic Competition Warning
• Negative Sentiment: Regulatory and ethical scrutiny — continued UK pressure, calls for boycotts, and broader questions about government/healthcare contracts increase political and contractual risk that could slow public sector deal growth or add costs. Palantir Faces Burry Critique And UK Scrutiny As Anthropic Competition Grows

Wall Street Analyst Weigh In

Several equities research analysts have commented on PLTR shares. Loop Capital lowered their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Benchmark started coverage on shares of Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.77.

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.