Carnegie Investment Counsel Trims Position in Palantir Technologies Inc. $PLTR

Key Points

• Carnegie Investment Counsel trimmed its Palantir stake by 5.1% in Q4, selling 6,038 shares and now holds 112,445 shares worth about $19.99 million.
• Insider selling has been heavy: Stephen Andrew Cohen sold 327,088 shares (~$43.7M) and insiders disposed of 1,029,879 shares (~$137.7M) over the last 90 days, while insiders still own about 9.23% of the stock.
• Fundamentals vs. valuation: Palantir posted strong Q4 results (revenue +70% to $1.41B; EPS $0.25 vs. $0.23 est.) but trades at a rich P/E (~203) amid mixed analyst views and competitive/valuation concerns; consensus rating is "Moderate Buy" with a $197.77 price target.

Carnegie Investment Counsel decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 112,445 shares of the company's stock after selling 6,038 shares during the period. Carnegie Investment Counsel's holdings in Palantir Technologies were worth $19,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Bare Financial Services Inc lifted its stake 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 period. Delos Wealth Advisors LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $29,000. Zeit Capital LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $30,000. Financial Consulate Inc. acquired a new position in Palantir Technologies during the third quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $31,000. 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: Political and defense tailwinds: President Trump publicly praised Palantir’s warfighting capabilities and the company is tied to sizable Pentagon programs (Maven expansion, Army procurement pathways) that support revenue visibility for defense customers. QuiverQuant: Trump Praises Palantir
• Positive Sentiment: Bull analyst views and high price targets: Several firms (including Wedbush) have reiterated bullish targets (Wedbush $230) and some investors call the sell‑off overdone, arguing for large upside from current levels. That support can attract dip buyers. Benzinga: Wall Street Bull Sees 70% Upside
• Positive Sentiment: Technical/bounce signals: Short-term trading signals triggered intraday support and produced a modest rebound, indicating active momentum traders are buying dips. Benzinga: Trading Signal
• Neutral Sentiment: Strong fundamentals but rich expectations: Palantir reported robust revenue growth and improving margins (background Q4 strength), which underpins long-term case — but much of that is already priced in. MarketBeat: PLTR Fundamentals
• Neutral Sentiment: Analyst divergence widens volatility: While some firms keep high targets, others highlight execution/valuation risk — that split increases intraday swings and investor disagreement over fair value. Zacks: Valuation Comparison
• Negative Sentiment: High-profile bearish catalyst — Michael Burry: Burry publicly reiterated and expanded bearish bets (long‑dated puts) and wrote that Anthropic is "eating Palantir’s lunch," which sparked a sharp, sentiment-driven sell‑off and headline volatility. CNBC: Burry Still Betting Against Palantir
• Negative Sentiment: Anthropic/AI competition fear: Launches like Anthropic’s Mythos heightened concerns that cheaper, easier-to-deploy AI models could reallocate enterprise AI spend away from Palantir’s heavier platform. That sector narrative pressured software peers too. Investopedia: Anthropic Shockwave
• Negative Sentiment: Valuation and insider selling: PLTR trades at very rich multiples vs. earnings, leaving little margin for disappointment; public disclosures show significant insider sales that some investors read as cautionary. QuiverQuant: Valuation & Insider Activity

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PLTR shares. Wedbush reaffirmed an "outperform" rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Loop Capital dropped their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, January 30th. Daiwa Securities Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research report on Tuesday, February 10th. Finally, Northland Securities raised shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.77.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction 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 completion of the sale, the insider owned 592 shares of the company's stock, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares of the company's stock, valued at $5,564,380.64. The trade was a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 1.9%

Palantir Technologies stock opened at $128.01 on Friday. Palantir Technologies Inc. has a 52-week low of $85.47 and a 52-week high of $207.52. The firm has a fifty day moving average of $143.96 and a 200-day moving average of $166.48. The firm has a market capitalization of $306.15 billion, a P/E ratio of 203.19, a PEG ratio of 2.59 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business's quarterly revenue was up 70.0% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies 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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