LGT Group Foundation Has $2.85 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• LGT Group Foundation cut its Palantir stake by 25.6% in Q3, selling 5,294 shares and ending the period with 15,390 shares worth $2.846 million.
• Palantir beat the latest quarter's estimates with $0.25 EPS (vs. $0.23) and $1.41B revenue (up 70% YoY); the stock trades near $156 with a market cap of $374B and a high valuation (P/E ≈ 248).
• Significant insider selling occurred on Feb 20 — Shyam Sankar sold 168,004 shares and CEO Alexander Karp sold 493,025 shares — with insiders offloading 1,054,279 shares (~$142.2M) over the past 90 days, though insiders still own 12.93% of the company.

LGT Group Foundation decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,390 shares of the company's stock after selling 5,294 shares during the period. LGT Group Foundation's holdings in Palantir Technologies were worth $2,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares during the period. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies during the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $32,000. Finally, Marquette Asset Management LLC bought a new position in Palantir Technologies during the 3rd quarter worth approximately $34,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $156.43 on Tuesday. The stock has a market capitalization of $374.13 billion, a P/E ratio of 248.31, a P/E/G ratio of 3.12 and a beta of 1.70. The business has a 50-day moving average of $154.93 and a 200-day moving average of $169.08. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results 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. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Geopolitical tensions (U.S.–Iran) and rising defense demand are being cited as a near‑term catalyst for more Palantir contracts and a surge in investor interest. This narrative helps explain recent share strength as investors reprice defense/AI exposure. Why Palantir Is Soaring While Big Tech Tanks
• Positive Sentiment: Industry coverage and market commentary point to accelerating adoption of Palantir’s AIP, expanding U.S. commercial sales, and improving margins — factors analysts cite in bullish forecasts for 2026 upside. Palantir Stock Forecast: Is PLTR Heading to $260 or Dropping Further From Here?
• Positive Sentiment: Multiple analyst writeups and buy‑side notes (including a Rosenblatt initiation) are highlighting Palantir’s role as an LLM/AI backbone for government and commercial customers — supporting bullish views that the company can capture displaced LLM workloads. Why Analysts Are Bullish on Palantir Technologies Inc. (PLTR)
• Neutral Sentiment: Insider/owner activity: Century Legend sold a small block of Palantir shares to boost liquidity and realize gains — a minor share sale that is unlikely to materially change ownership or outlook. Century Legend Sells Palantir Stake to Boost Liquidity and Realize Investment Gains
• Negative Sentiment: Valuation concerns are widespread: some commentators argue Palantir’s strong growth is priced for perfection and the stock could give back gains if growth expectations slip. That narrative limits upside for investors focused on valuation discipline. Prediction: This Is How Much Further Palantir Stock Could Fall in 2026
• Negative Sentiment: Broader software/AI sector weakness (the so‑called "SaaSpocalypse") and some Wall Street calls to trim richly valued AI names create downside risk; short‑term volatility could persist even if fundamentals remain solid. 2 Artificial Intelligence (AI) Stocks to Sell Before They Fall 40% and 55%, According to Wall Street Analysts

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 30th. CICC Research raised their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 12th. HSBC raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Tuesday, February 3rd. The Goldman Sachs Group cut their price objective on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $192.68.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 168,004 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the sale, the insider owned 642,786 shares of the company's stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,054,279 shares of company stock valued at $142,212,233 over the last ninety 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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