Gabelli Funds LLC Trims Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Gabelli Funds cut its Palantir stake by 44.3% in Q3, selling 10,200 shares and retaining 12,800 shares worth about $2.34 million.
• Palantir reported a strong quarter—Q4 revenue up 70% to $1.41B and EPS of $0.25 (ahead of $0.23 est.)—and analysts hold a generally bullish view with a consensus rating of “Moderate Buy” and a consensus price target of $192.68.
• Significant insider selling has weighed on sentiment—insiders disposed of 1,054,279 shares (~$142.2M) in the past three months—while the stock was trading down (~3.4%) near $151.14.

Gabelli Funds LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,800 shares of the company's stock after selling 10,200 shares during the period. Gabelli Funds LLC's holdings in Palantir Technologies were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. grew its stake in shares of Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company's stock worth $11,187,000 after purchasing an additional 54,347 shares during the period. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Prentice Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $550,000. Watershed Private Wealth LLC boosted its holdings in Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company's stock worth $1,423,000 after buying an additional 3,350 shares in the last quarter. Finally, GAM Holding AG boosted its holdings in Palantir Technologies by 39.0% during the third quarter. GAM Holding AG now owns 13,788 shares of the company's stock worth $2,515,000 after buying an additional 3,868 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction dated Tuesday, February 24th. The shares were 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 in the company, valued at $5,564,380.64. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were 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 directly owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,054,279 shares of company stock worth $142,212,233 over the last three months. Company insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLTR shares. The Goldman Sachs Group dropped their target price on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research note on Thursday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Mizuho raised Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $195.00 price objective for the company in a research note on Wednesday, February 18th. Finally, Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a "buy" rating and a $223.00 price objective for the company. Two investment 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.68.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Polymarket partnership expands Palantir's commercial AIP footprint — Palantir and TWG AI will supply the Vergence AI engine to build a sports‑integrity platform that screens prohibited users and flags suspicious bets, demonstrating another non‑government revenue use case for Palantir's AI/compliance tools. Polymarket Joins Forces with Palantir
• Positive Sentiment: Defense & AI demand remains a tailwind — multiple outlets highlight Palantir as a leader in the AI‑defense trade and note accelerating commercial revenue (Q4 +70%), supporting the bull case for continued contract wins. Palantir And Rocket Lab Are Leading The AI Defense Trade
• Positive Sentiment: Analyst interest and price targets remain supportive — recent coverage shows several buy/outperform calls and a median six‑month target around $200, keeping longer‑term sentiment tilted bullish despite volatility. QuiverQuant PLTR Q4 revenue coverage
• Neutral Sentiment: Sector/valuation dynamics may be influencing flows — strong earnings elsewhere (e.g., CrowdStrike) and debate over AI winners' valuations are creating rotation within tech, which can temporarily pressure richly‑valued names like Palantir. CrowdStrike Delivered a Blowout Quarter—and the Stock Yawned
• Neutral Sentiment: Market commentary points to macro/geopolitical drivers — some outlets say today’s pullback looks more like broader geopolitical/macro positioning than fresh fundamental weakness at Palantir. Why Palantir Stock (PLTR) Is Down Today
• Negative Sentiment: Major insider selling headlines are weighing on sentiment — reports noted large insider sales across Palantir’s insider base and an aggregated ~$9.6B of high‑profile insider sell activity in AI leaders, which can trigger profit‑taking and amplify downside. Nvidia and Palantir Insiders Dump $9.6 Billion
• Negative Sentiment: Short‑term price pullback documented — market reports show PLTR down intraday versus recent close, consistent with profit‑taking after the stock’s strong multi‑week rally. Palantir Declines More Than Market

Palantir Technologies Stock Down 3.4%

Shares of NASDAQ:PLTR opened at $151.14 on Wednesday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The stock's fifty day simple moving average is $154.33 and its 200-day simple moving average is $169.03. The company has a market capitalization of $361.48 billion, a P/E ratio of 239.91, a P/E/G ratio of 3.10 and a beta of 1.70.

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, topping analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the business posted $0.14 EPS. The firm's quarterly revenue was up 70.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current 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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