Arizona State Retirement System Sells 20,866 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Arizona State Retirement System trimmed its Palantir position by 3.2%, selling 20,866 shares and retaining 640,375 shares worth about $113.8 million (roughly 0.6% of its portfolio, the fund's 18th largest holding).
• Significant insider selling has occurred recently: Stephen A. Cohen sold 327,088 shares and David A. Glazer sold 17,438 shares, with insiders offloading 1,029,879 shares (~$137.7 million) in the past 90 days and insider ownership now about 9.23%.
• Palantir posted strong results (Q revenue up ~70% to $1.41B) and won a $300M USDA purchase agreement, while analysts' consensus is a "Moderate Buy" with an average price target of $196.35.

Arizona State Retirement System lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 640,375 shares of the company's stock after selling 20,866 shares during the period. Palantir Technologies makes up approximately 0.6% of Arizona State Retirement System's portfolio, making the stock its 18th largest position. Arizona State Retirement System's holdings in Palantir Technologies were worth $113,827,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Bare Financial Services Inc boosted its stake in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Palantir Technologies in the 3rd quarter worth $30,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Palantir Technologies during the third quarter valued at $32,000. Finally, United Financial Planning Group LLC bought a new position in shares of Palantir Technologies during the third quarter valued at $32,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company's stock, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,879 shares of company stock valued at $137,746,253 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. DZ Bank began coverage on Palantir Technologies in a report on Thursday. They issued a "buy" rating and a $175.00 price objective for the company. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Wedbush reiterated an "outperform" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Friday, April 10th. Finally, DA Davidson reissued a "neutral" rating and set a $180.00 price objective on shares of Palantir Technologies in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $196.35.

Palantir Technologies News Roundup

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

• Positive Sentiment: Won a $300M Blanket Purchase Agreement with the U.S. Department of Agriculture — expands Palantir’s government revenue runway and ties the company to a politically important national farm-security initiative. USDA and Palantir sign $300 million software purchase agreement
• Positive Sentiment: DZ Bank initiated coverage with a Buy and $175 price target — a fresh institutional buy-rating that signals more analyst conviction and a material upside target vs. current levels. DZ Bank Just Launched Palantir at Buy With a $175 Target
• Positive Sentiment: Recent results show strong top-line momentum ( ~70% revenue growth cited by market coverage), supporting the narrative that Palantir is still scaling quickly. Palantir Rallies 4% as 70% Revenue Surge Overshadows Mizuho Price Target Cut
• Neutral Sentiment: Upcoming earnings/announcements could be an early AI-sector catalyst — one write-up flags a May earnings print that may move AI peers ahead of Nvidia. Timing makes the next few weeks important for sentiment. Palantir Earnings Could Ignite AI Stocks Before Nvidia
• Neutral Sentiment: New specialist ecosystem activity (Vanyar launch focused on Palantir Foundry/AIP) could help enterprise adoption but is too early to quantify. Palantir and AIP Specialist Firm, Vanyar, Launches
• Negative Sentiment: Stock sold off amid a broader software/AI rotation and risk‑off trade (investors moving to defensives as oil/bonds move), which overwhelmed company-specific positives today. Market-flow headlines flagged the same sector-driven pressure. Here's Why Palantir Stock Is Dropping 8% Despite A $300 Million Contract Win
• Negative Sentiment: Valuation and momentum concerns persist — some analysts/covers have trimmed targets or flagged downside risk, and commentary warns the rally may be vulnerable if growth expectations are repriced. Wall Street May Be Too Optimistic About Palantir -- 2 Red Flags Investors Shouldn't Ignore
• Negative Sentiment: Reputational noise from management’s public statements/“manifesto” and light-hearted merch has drawn media attention — such controversies can introduce political and PR risk given Palantir’s heavy government exposure. Palantir published a mini manifesto calling some cultures ‘harmful and middling’

Palantir Technologies Trading Down 7.2%

PLTR opened at $141.57 on Friday. The firm's 50 day simple moving average is $144.50 and its two-hundred day simple moving average is $164.12. The company has a market capitalization of $338.59 billion, a PE ratio of 224.72, a PEG ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a 1-year low of $100.91 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm 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 for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

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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