Ilmarinen Mutual Pension Insurance Co Trims Stake in Palantir Technologies Inc. $PLTR

Key Points

• Ilmarinen Mutual Pension Insurance Co cut its Palantir stake by 9% in the fourth quarter, selling 39,000 shares and ending with 395,591 shares valued at about $70.3 million.
• Palantir reported a strong quarter, with EPS of $0.33 versus estimates of $0.28 and revenue of $1.63 billion, up 84.7% year over year.
• The stock remains highly valued and actively watched: it was trading up 8.2% at $143.34, while analysts currently rate it a Moderate Buy with a consensus target price of $192.76.

Ilmarinen Mutual Pension Insurance Co lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,591 shares of the company's stock after selling 39,000 shares during the period. Palantir Technologies comprises approximately 0.6% of Ilmarinen Mutual Pension Insurance Co's investment portfolio, making the stock its 21st largest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Palantir Technologies were worth $70,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock valued at $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp boosted its stake 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 acquiring an additional 6,777,771 shares in the last quarter. 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 valued at $2,814,879,000 after acquiring an additional 4,373,201 shares during the period. Wellington Management Group LLP grew its position in shares of Palantir Technologies by 228.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock valued at $945,403,000 after acquiring an additional 3,602,471 shares during the period. Finally, Clear Street Group Inc. purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at about $408,763,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 8.2%

PLTR stock opened at $143.34 on Friday. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The business's 50-day moving average is $141.62 and its 200 day moving average is $156.13. The stock has a market cap of $343.63 billion, a price-to-earnings ratio of 161.06, a PEG ratio of 2.10 and a beta of 1.52.

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, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business's revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Multiple bullish articles argue Palantir remains one of the best high-growth software names, citing strong revenue growth, a powerful Rule of 40 profile, and continued momentum in AI-driven demand. Article: Here's Why Palantir Technologies Inc. (PLTR) is a Strong Growth Stock
• Positive Sentiment: One article says Palantir could be poised for a stronger rebound, with writers pointing to the stock’s pullback this year as a potential buying opportunity rather than a sign of weakening fundamentals. Article: Why Palantir Stock Is Soaring Today
• Positive Sentiment: Thomas Cavanagh Construction extended its partnership with Palantir through 2035, reinforcing the company’s ability to lock in recurring commercial revenue and expand non-government use of its Foundry platform. Article: Thomas Cavanagh Construction Limited Extends Strategic Partnership with Palantir Technologies Through December 31, 2035
• Neutral Sentiment: Several valuation-focused pieces compare PLTR with other software stocks and ETFs, showing that investors are still debating whether Palantir’s premium valuation is justified. Article: Palantir vs. Oracle in 2026. Which One Is the Better Buy Right Now?
• Negative Sentiment: Some commentary warns that AI expectations may be getting too stretched and that Palantir’s rich valuation leaves less room for error, which could cap further upside if growth slows. Article: Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can't Ignore
• Negative Sentiment: One Seeking Alpha piece argues OpenAI and Anthropic may be becoming a bigger competitive threat, suggesting Palantir could face tougher AI competition over time. Article: Palantir: OpenAI And Anthropic Just Became The Biggest Problem

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Northland Securities raised Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Tuesday, February 3rd. Loop Capital decreased their target price on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Piper Sandler reiterated an "overweight" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.76.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,128 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider owned 375,242 shares in the company, valued at approximately $51,047,921.68. This trade represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the sale, the insider directly owned 199,759 shares of the company's stock, valued at $27,175,214.36. The trade was 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. Insiders have sold a total of 922,524 shares of company stock worth $125,501,302 in the last ninety days. Company insiders own 9.53% of the company's stock.

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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