Gemmer Asset Management LLC Has $574,000 Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Gemmer Asset Management cut its Palantir stake by 56.2%, selling 4,147 shares and retaining 3,229 shares valued at about $574,000.
• Major institutions — including Vanguard, State Street, Invesco and Amundi — increased holdings and institutional investors now own 45.65% of PLTR, while analysts' consensus is a Moderate Buy with an average price target of $197.77.
• Insiders have sold 1,029,879 shares (≈$137.7M) over the past 90 days, even as Palantir reported a strong quarter with 70% revenue growth and an EPS beat of $0.25 versus $0.23.

Gemmer Asset Management LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,229 shares of the company's stock after selling 4,147 shares during the period. Gemmer Asset Management LLC's holdings in Palantir Technologies were worth $574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp grew its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Invesco Ltd. grew its position in shares of Palantir Technologies by 5.9% during the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock worth $3,976,534,000 after purchasing an additional 1,213,529 shares in the last quarter. Northern Trust Corp grew its position in shares of Palantir Technologies by 3.8% during the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock worth $3,846,957,000 after purchasing an additional 769,238 shares in the last quarter. Finally, Amundi grew its position in shares of Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Northland Securities upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Tuesday, February 3rd. Robert W. Baird upgraded shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Tuesday, February 3rd. Citigroup increased their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, February 3rd. Cantor Fitzgerald restated a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, UBS Group increased their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.77.

Palantir Technologies Trading Up 3.4%

Shares of Palantir Technologies stock opened at $132.37 on Tuesday. The company has a 50 day moving average of $143.65 and a 200-day moving average of $165.95. Palantir Technologies Inc. has a 1-year low of $89.31 and a 1-year high of $207.52. The company has a market cap of $316.59 billion, a PE ratio of 210.11, a price-to-earnings-growth ratio of 2.54 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm's quarterly revenue was up 70.0% on a year-over-year basis. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: High-profile buying lifted sentiment: Cathie Wood’s ARK funds added ~85k shares (~$11M), which traders see as a confident “buy the dip” signal for an AI-defence name. Cathie Wood Buys the Dip in Palantir After Brutal Sell-off
• Positive Sentiment: Political endorsement boosted visibility and short-term flows: public praise from Donald Trump spotlighted Palantir’s defense positioning, helping buyers who trade on political/contract tailwinds. Trump endorsed Palantir stock, and the market reacted
• Positive Sentiment: Brokerage support stayed in place: Wedbush reiterated an Outperform and urged investors to overlook short-term Anthropic/AI headlines, citing Palantir’s defense moat and fundamentals. Ignore the Anthropic Panic and Keep Buying Palantir Stock, Says Wedbush
• Neutral Sentiment: Earnings calendar is a near-term catalyst: management set Q1 results and webcast for May 4 — a potential volatility trigger as analysts expect large profit beats and will re-price the stock on guidance. Palantir Announces Date of First Quarter 2026 Earnings Release and Webcast
• Neutral Sentiment: Analysts are watching Q1 closely — some expect double- or triple-digit profit growth which could validate the AI/enterprise narrative but also raise expectations for future quarters. Here's What to Expect From Palantir's Next Earnings Report
• Neutral Sentiment: Industry visibility rose at events (Space Symposium), which reinforces Palantir’s defense/commercial narrative but is not yet direct revenue proof. Palantir, SpaceX, L3Harris and More Defense and AI Stars Align At Space Symposium 2026
• Negative Sentiment: Big-name bearishness persists: Michael Burry remains short and warns of valuation risk, keeping a portion of the market skeptical and able to pressure the stock on negative headlines. Michael Burry is still shorting Palantir — and says Anthropic is the bigger AI winner
• Negative Sentiment: Some outlets and ranking services issued downgrades or flagged stretched valuation; that keeps long-term investors cautious despite growth metrics. Marriott Upgraded, Palantir Downgraded: Updated Rankings on Top Blue-Chip Stocks
• Negative Sentiment: Shares recently hit multi-month lows amid the sell-off; valuation (high P/E) and the potential for AI rotation to other winners leave room for further downside if earnings or guidance disappoint. Palantir At $130: Buy, Sell or Hold

Insiders Place Their Bets

In related news, insider David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value 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 represents a 4.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of the 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 $43,738,207.36. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,879 shares of company stock worth $137,746,253 over the last 90 days. Insiders own 12.93% of the company's stock.

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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