Horizon Investments LLC Sells 36,516 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Horizon Investments trimmed its position in Palantir by 17.6%, selling 36,516 shares and leaving 171,194 shares worth about $30.43 million at quarter-end.
• Large insider selling has occurred recently—company insiders sold 1,029,879 shares (~$137.7 million) in the last three months (notably Shyam Sankar 168,004 shares; David Glazer 17,438), though insiders still hold 9.23% of the stock.
• Mixed fundamentals and sentiment: Palantir beat Q1 estimates with revenue up 70% year‑over‑year and EPS of $0.25, but the stock trades at a high P/E (~229) and analyst views range from buy to hold (average rating "Moderate Buy" and average price target ~$192).

Horizon Investments LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,194 shares of the company's stock after selling 36,516 shares during the period. Horizon Investments LLC's holdings in Palantir Technologies were worth $30,430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Occidental Asset Management LLC lifted its holdings in shares of Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock worth $358,000 after acquiring an additional 53 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock worth $447,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc lifted its holdings in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after acquiring an additional 55 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Palantir Technologies by 15.8% during the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock worth $78,000 after acquiring an additional 58 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its holdings in shares of Palantir Technologies by 2.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock worth $527,000 after acquiring an additional 59 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the business'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 $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Company insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 3.6%

PLTR stock opened at $144.07 on Friday. The firm's 50-day moving average price is $145.27 and its two-hundred day moving average price is $162.72. Palantir Technologies Inc. has a 12-month low of $105.32 and a 12-month high of $207.52. The stock has a market capitalization of $344.57 billion, a price-to-earnings ratio of 228.69, a PEG ratio of 2.68 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company's revenue for the quarter was up 70.0% compared to the same quarter last year. Equities analysts predict that Palantir Technologies Inc. will post 1.05 EPS for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron's: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland‑Cliffs) that show sticky, multi‑year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied‑move data suggest traders expect a sizable post‑earnings swing — that raises both upside and downside risk. Investopedia: Expected Post‑Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near‑term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount‑to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

Analysts Set New Price Targets

Several analysts have weighed in on PLTR shares. Truist Financial started coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They issued a "buy" rating and a $223.00 price target for the company. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price target for the company. Cantor Fitzgerald reissued a "neutral" rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Loop Capital lowered their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Finally, HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $205.00 to $151.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.17.

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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