Highland Capital Management LLC Reduces Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Highland Capital Management cut its stake in Palantir by 14.4% in Q4, selling 4,049 shares and leaving it with 24,088 shares worth about $4.28 million, per the firm’s latest 13F filing.
• Q1 beat and raised guidance: Palantir reported $1.63 billion in revenue (up 84.7% YoY) and $0.33 EPS (beating estimates), and raised FY guidance amid rapidly accelerating U.S. commercial revenue and a record Rule of 40 (~145%).
• Insider selling and mixed sentiment: Insiders sold roughly 1,029,479 shares (~$137.7M) over the past three months; analysts remain broadly positive (consensus "Moderate Buy," avg. target $192.17) but warn of valuation and competitive risks.

Highland Capital Management LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,088 shares of the company's stock after selling 4,049 shares during the quarter. Highland Capital Management LLC's holdings in Palantir Technologies were worth $4,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Decker Retirement Planning Inc. raised its position 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 valued at $11,187,000 after buying an additional 54,347 shares in the last quarter. Milestone Asset Management LLC raised its position in shares of Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after buying an additional 42,173 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Palantir Technologies by 26.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after buying an additional 12,229 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Palantir Technologies by 135.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock valued at $98,659,000 after buying an additional 310,942 shares in the last quarter. Finally, VCI Wealth Management LLC raised its position in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock valued at $2,166,000 after buying an additional 3,621 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $146.03 on Tuesday. Palantir Technologies Inc. has a 1-year low of $105.32 and a 1-year high of $207.52. The firm has a market capitalization of $349.26 billion, a P/E ratio of 231.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.52. The company's 50-day moving average is $145.27 and its 200 day moving average is $162.50.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $0.13 EPS. The firm's revenue for the quarter was up 84.7% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Wedbush reissued an "outperform" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Friday, April 10th. Cantor Fitzgerald reissued a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. Finally, Citigroup reduced their price objective on shares of Palantir Technologies from $260.00 to $210.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $192.17.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Q1 beat-and-raise: Palantir posted stronger-than-expected results (Q1 revenue ~$1.63B; EPS beat) and raised FY 2026 revenue guidance, signaling durable demand and turning expectations higher. Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: U.S. commercial acceleration: Management said U.S. commercial revenue more than doubled and the CEO described the U.S. business as “erupting,” which supports the raised guidance and implies strong secular AI-driven demand. Palantir Boosts Outlook — Investopedia
• Positive Sentiment: Margin and growth quality: Palantir’s Rule of 40 jumped to a record level (reported ~145%), indicating rare revenue growth combined with margin expansion — a bullish operational signal. Rule of 40 Hits 145% — Seeking Alpha
• Positive Sentiment: High‑profile endorsement: Prominent commentators (e.g., Jim Cramer) are highlighting Palantir as a long‑term AI play, which can support retail interest and momentum. Jim Cramer on Palantir — InsiderMonkey
• Neutral Sentiment: Volatility expected: Options and prediction markets priced a large post‑earnings swing, so short‑term moves may be amplified even after the beat. Options Traders Expect Big Swing — TipRanks
• Neutral Sentiment: Macro and headline risk: Broader market weakness (geopolitical tensions) is keeping trading choppy; Palantir can both benefit from defense/government demand and be dragged by risk‑off flows. Market Context — Investor's Business Daily
• Negative Sentiment: Valuation and competition concerns: Some analysts warn the stock is richly valued and competitors (new enterprise AI entrants) could pressure long‑term TAM growth; that viewpoint could cap multiple expansion. Market Size Limits — Seeking Alpha
• Negative Sentiment: Mixed analyst reactions and insider sales: Despite the beat, a few shops issued cautious notes or downgrades and filings show substantial insider selling activity — potential near‑term headwinds for sentiment. Analyst Downgrades — Invezz Insider Selling & Financials — QuiverQuant

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the company's stock in a transaction dated 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 in the company, valued at $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.