Convergence Investment Partners LLC Sells 15,525 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Convergence Investment Partners cut its Palantir stake by 89.9% in the fourth quarter, selling 15,525 shares and ending with 1,751 shares worth about $311,000.
• Several other insiders also sold shares, including Ryan D. Taylor and David A. Glazer, while insiders collectively sold more than 1 million shares over the last three months.
• Despite mixed sentiment around valuation, analysts remain generally bullish: Palantir’s latest quarter beat expectations with revenue up 84.7% year over year, and Wall Street’s consensus rating remains Moderate Buy.

Convergence Investment Partners LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 89.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,751 shares of the company's stock after selling 15,525 shares during the quarter. Convergence Investment Partners LLC's holdings in Palantir Technologies were worth $311,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares in the last quarter. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at approximately $32,000. United Financial Planning Group LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at approximately $32,000. Finally, Clayton Financial Group LLC grew its stake in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock valued at $32,000 after buying an additional 150 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 19,988 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares in the company, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the company's stock in a transaction 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 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 disclosure for this sale is available in the SEC filing. Insiders sold 1,029,479 shares of company stock valued at $137,685,797 in the last three months. 9.53% of the stock is owned by corporate insiders.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir's Critics Are "Right"—But They're Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company's stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, April 27th. Rosenblatt Securities upped their price target on shares of Palantir Technologies from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Citigroup upped their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their price target on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Finally, Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $195.16.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $133.99 on Friday. The stock has a market cap of $321.22 billion, a P/E ratio of 150.55, a PEG ratio of 2.13 and a beta of 1.52. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The firm's fifty day moving average price is $144.62 and its 200-day moving average price is $159.79.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's quarterly revenue was up 84.7% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current 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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