Gateway Investment Advisers LLC Trims Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Gateway Investment Advisers cut its Palantir stake by 2.0%, selling 10,731 shares to hold 523,937 shares valued at about $93.13 million, making PLTR its 18th largest position (~0.9% of the fund).
• Insiders have been selling heavily: executives including Shyam Sankar and Alexander Karp disposed of shares, with a total of 1,029,479 shares (~$137.7 million) sold in the last three months, leaving insiders with 9.53% ownership.
• Palantir reported a blowout Q1 — $1.63 billion revenue (+~85% YoY) and $0.33 EPS, topped estimates and raised guidance, spurring analyst upgrades and a consensus price target of about $194.68 (average rating: Moderate Buy).

Gateway Investment Advisers LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 523,937 shares of the company's stock after selling 10,731 shares during the quarter. Palantir Technologies makes up approximately 0.9% of Gateway Investment Advisers LLC's holdings, making the stock its 18th biggest position. Gateway Investment Advisers LLC's holdings in Palantir Technologies were worth $93,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Decker Retirement Planning Inc. grew its holdings in Palantir Technologies by 778.7% during the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company's stock valued at $11,187,000 after purchasing an additional 54,347 shares during the period. Milestone Asset Management LLC grew its holdings in Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after purchasing an additional 42,173 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Palantir Technologies by 26.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after purchasing an additional 12,229 shares during the period. Public Sector Pension Investment Board grew its holdings in Palantir Technologies by 135.3% during the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock valued at $98,659,000 after purchasing an additional 310,942 shares during the period. Finally, VCI Wealth Management LLC grew its holdings in Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock valued at $2,166,000 after purchasing an additional 3,621 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Blowout Q1 and raised guidance — Palantir reported $1.63B in Q1 revenue (≈+85% YoY), topped EPS estimates and lifted its annual outlook, giving a clear operational beat. Palantir lifts annual revenue forecast
• Positive Sentiment: Strong margin / efficiency metrics — Analysts highlighted an unusually high Rule of 40 and rapid free cash flow conversion that make Palantir attractive relative to many AI peers. Palantir Is Breaking The Rule Of 40
• Positive Sentiment: Analyst support and higher targets — Multiple firms upgraded/raised targets (Rosenblatt, Citigroup, Wedbush, Argus), signaling conviction that growth can justify premium multiples. Argus upgrade
• Neutral Sentiment: Defense partnerships — Palantir joined the U.S. Army’s “Right to Integrate” hackathon sprint, reinforcing its defense positioning (long‑term strategic value but not an immediate earnings kicker). Palantir joins U.S. Army hackathon
• Neutral Sentiment: Commercial partnerships — Customers like Surf Air Mobility are rolling out Palantir‑powered products, showing commercial traction beyond government clients. Surf Air Mobility announces SurfOS powered by Palantir
• Negative Sentiment: Post‑earnings sell‑off driven by valuation and segment concerns — Despite the beat-and‑raise, investors focused on sky‑high multiples and softer-than-expected U.S. commercial/international nuances, prompting profit‑taking. Palantir stock tumbles as Q1 beats fail to impress
• Negative Sentiment: Bearish pressure from high‑profile shorts and downgrades — Michael Burry publicly disclosed a short; some sell‑side calls trimmed targets or warned about valuation/execution risks, amplifying downside risk. Michael Burry shorting Palantir
• Negative Sentiment: Insider selling and mixed analyst views — Heavy insider dispositions and a split analyst base (some big target upgrades, some cuts) keep sentiment volatile and raise concern about downside if execution slips. Quiver Quant opinions & insider activity

Insider Activity

In related news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,029,479 shares of company stock valued at $137,685,797 in the last three months. 9.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on PLTR shares. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Wedbush reissued an "outperform" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday. William Blair raised Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. Rosenblatt Securities boosted their price target on Palantir Technologies from $200.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Benchmark started coverage on Palantir Technologies in a research report on Wednesday, April 1st. They set a "hold" rating for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $194.68.

Palantir Technologies Trading Down 1.6%

NASDAQ:PLTR opened at $133.69 on Thursday. Palantir Technologies Inc. has a 12-month low of $107.00 and a 12-month high of $207.52. The stock has a 50-day moving average price of $145.35 and a 200 day moving average price of $161.88. The stock has a market capitalization of $319.74 billion, a P/E ratio of 150.21, a P/E/G ratio of 2.52 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the business posted $0.13 earnings per share. The firm's revenue was up 84.7% on a year-over-year basis. On average, research analysts predict that Palantir Technologies Inc. will post 1.06 earnings per share for the current fiscal year.

About Palantir Technologies

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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