Benjamin Edwards Inc. Cuts Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Benjamin Edwards Inc. cut its Palantir stake by 8.0%, selling 6,724 shares and ending the quarter with 76,812 shares valued at about $13.65 million.
• Large institutions like Vanguard and State Street materially increased positions (Vanguard now holds 215.4M shares), leaving hedge funds and institutions with about 45.65% ownership of PLTR.
• Sentiment is mixed: buy-side momentum and reported deals (notably a reported $300M USDA agreement) boost optimism, but high valuation, recent insider selling, an HSBC downgrade and the upcoming Q1 earnings (May 4) create notable upside and downside risk.

Benjamin Edwards Inc. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,812 shares of the company's stock after selling 6,724 shares during the quarter. Benjamin Edwards Inc.'s holdings in Palantir Technologies were worth $13,653,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares in the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Invesco Ltd. raised its position in Palantir Technologies by 5.9% in the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock worth $3,976,534,000 after acquiring an additional 1,213,529 shares in the last quarter. Northern Trust Corp raised its position in Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock worth $3,846,957,000 after acquiring an additional 769,238 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron's: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland‑Cliffs) that show sticky, multi‑year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied‑move data suggest traders expect a sizable post‑earnings swing — that raises both upside and downside risk. Investopedia: Expected Post‑Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near‑term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount‑to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

Palantir Technologies Price Performance

PLTR opened at $144.07 on Monday. The firm has a market cap of $344.57 billion, a P/E ratio of 228.69, a PEG ratio of 2.69 and a beta of 1.52. Palantir Technologies Inc. has a 52 week low of $105.32 and a 52 week high of $207.52. The business's fifty day simple moving average is $145.27 and its 200 day simple moving average is $162.50.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.05 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 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 $22,465,494.88. Following the sale, the insider directly owned 642,786 shares of the company's stock, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,479 shares of company stock worth $137,685,797 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Piper Sandler reiterated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a research report on Monday, February 2nd. Northland Securities upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.17.

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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