HBK Sorce Advisory LLC Sells 9,985 Shares of Palantir Technologies Inc. $PLTR

Key Points

• HBK Sorce Advisory LLC cut its Palantir position by 20.9% in the fourth quarter, selling 9,985 shares and leaving it with 37,723 shares valued at about $6.7 million.
• Palantir reported strong quarterly results, beating estimates with $0.33 EPS and $1.63 billion in revenue, while revenue jumped 84.7% year over year.
• Analysts remain mixed but generally positive: the stock has a Moderate Buy consensus with an average price target of $192.76, even as some firms raised targets and others lowered ratings due to valuation concerns.

HBK Sorce Advisory LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,723 shares of the company's stock after selling 9,985 shares during the period. HBK Sorce Advisory LLC's holdings in Palantir Technologies were worth $6,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Bare Financial Services Inc grew its position in shares of 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 acquiring an additional 55 shares during the period. Morton Brown Family Wealth LLC grew its position in shares of 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 acquiring an additional 125 shares during the period. United Financial Planning Group LLC bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $32,000. Clayton Financial Group LLC grew its position in shares of 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 acquiring an additional 150 shares during the period. Finally, Wexford Capital LP bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $36,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $136.88 on Monday. The company has a market capitalization of $328.14 billion, a price-to-earnings ratio of 153.80, a PEG ratio of 2.17 and a beta of 1.52. The company has a 50-day simple moving average of $142.88 and a 200 day simple moving average of $157.41. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52 week high of $207.52.

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

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Citigroup lifted their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Mizuho reduced their target price on shares of Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. DZ Bank assumed coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a "buy" rating and a $175.00 target price for the company. 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 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.76.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares of the company's stock, valued at $27,175,214.36. This represents a 8.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 923,756 shares of company stock worth $125,660,329. Company insiders own 9.53% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Several recent pieces continue to highlight Palantir’s strong fundamentals, including rapid revenue growth, elevated margins, and a “Rule of 40” profile that bulls say supports further upside. Article Title
• Positive Sentiment: Rosenblatt reiterated a buy rating and a $225 price target, signaling Wall Street still sees meaningful upside from current levels. Article Title
• Positive Sentiment: Some commentary argues the recent pullback could be a buying opportunity, with analysts pointing to Palantir’s strong execution and long-term AI positioning. Article Title
• Neutral Sentiment: The stock is trending heavily in retail and media circles, which can keep attention high but does not by itself change the business outlook. Article Title
• Neutral Sentiment: Palantir continues to attract comparisons with other AI names like Nvidia and Innodata, underscoring its status as a high-profile AI stock rather than delivering a fresh company-specific catalyst. Article Title
• Negative Sentiment: Cantor Fitzgerald kept a neutral stance and said Palantir’s AI opportunity is real, but the valuation still looks too rich, reinforcing a key bear case. Article Title
• Negative Sentiment: News that Palantir is challenging the Defense Intelligence Agency over an analytics contract, along with a separate blocked U.K. police deal, adds uncertainty around government revenue opportunities. Article Title
• Negative Sentiment: Recent articles also note the stock remains well below its highs and that even bullish investors acknowledge it may need much more growth to justify today’s price. Article Title

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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