4,697 Shares in Palantir Technologies Inc. $PLTR Bought by Mangrove Partners IM LLC

Key Points

• Mangrove Partners IM LLC opened a new position in Palantir, buying 4,697 shares (~$857,000), while other large institutions (Vanguard, State Street, Invesco, Norges Bank) expanded stakes and institutional ownership stands at about 45.65%.
• Palantir reported an earnings beat with $0.25 EPS and revenue of $1.41 billion (up 70% year‑over‑year), and analysts show a mixed but generally positive view with a consensus target around $192.68.
• Strategic catalysts include a Nvidia sovereign AI partnership and new defense/commercial contracts, but heavy insider selling (~1.05M shares last quarter) plus valuation, governance and geopolitical concerns pose near‑term risks.

Mangrove Partners IM LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,697 shares of the company's stock, valued at approximately $857,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after buying an additional 8,168,604 shares during the last quarter. State Street Corp grew its stake in Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the last quarter. Norges Bank purchased a new position in Palantir Technologies during the 2nd quarter valued at about $3,307,457,000. Invesco Ltd. increased its holdings in Palantir Technologies by 5.9% during the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after acquiring an additional 1,213,529 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Palantir Technologies by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company's stock worth $1,914,238,000 after acquiring an additional 427,840 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 1.7%

Shares of Palantir Technologies stock opened at $150.95 on Friday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The firm has a market cap of $361.02 billion, a PE ratio of 239.61, a P/E/G ratio of 3.04 and a beta of 1.70. The business's fifty day moving average is $152.99 and its two-hundred day moving average is $168.75.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating 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 return on equity of 23.81% and a net margin of 36.31%.The business's revenue for the quarter was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. DA Davidson reduced their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings downgraded Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 28th. HSBC upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a report on Tuesday, February 3rd. Finally, Rosenblatt Securities began coverage on Palantir Technologies in a report on Friday, February 27th. They issued a "buy" rating and a $150.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.68.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction dated 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 transaction, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 17,438 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares in the company, valued at $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,045,279 shares of company stock worth $140,539,043 in the last quarter. 9.23% of the stock is currently owned by corporate insiders.

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.

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