Massachusetts Financial Services Co. MA Reduces Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Massachusetts Financial Services cut its Palantir stake by 36.9% in Q4, selling 143,354 shares and holding 245,664 shares worth $43.67 million at quarter-end.
• Company insiders have been heavy sellers — a total of 1,029,879 shares (~$137.7 million) sold in the past 90 days, including CEO Alexander Karp’s 493,025-share sale — though insiders still own 12.93% of the stock.
• Palantir recently beat Q4 estimates (EPS $0.25 vs. $0.23; revenue $1.41B, +70% YoY) but faces competitive and valuation risks (Anthropic concerns and some price-target cuts); consensus analyst rating is a Moderate Buy with an average target of $197.32.

Massachusetts Financial Services Co. MA lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,664 shares of the company's stock after selling 143,354 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Palantir Technologies were worth $43,667,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 increased 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 purchasing an additional 6,777,771 shares in the last quarter. Invesco Ltd. increased its stake in shares of Palantir Technologies by 5.9% during the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock worth $3,976,534,000 after purchasing an additional 1,213,529 shares in the last quarter. Northern Trust Corp increased its stake in shares of Palantir Technologies by 3.8% during the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock worth $3,846,957,000 after purchasing an additional 769,238 shares in the last quarter. Finally, Amundi increased its stake in shares of Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares in the company, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This trade represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,029,879 shares of company stock worth $137,746,253 over the last ninety days. Insiders own 12.93% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Large, visible buys from ARK Invest/Cathie Wood lifted sentiment and provided fresh demand into the name, supporting the rally. Palantir Stock Rises. Cathie Wood and Trump Give the AI Defense Play a Boost.
• Positive Sentiment: Public endorsement from former President Trump boosted retail/institutional visibility and momentum around Palantir’s defense positioning. Trump endorsed Palantir stock, and the market reacted
• Positive Sentiment: Broker and TV support (Wedbush reiterations, Jim Cramer backing) is countering recent selling and encouraging buyers who view Palantir as a sovereign/defense AI play. Ignore the Anthropic Panic and Keep Buying Palantir Stock, Says Wedbush Jim Cramer on Palantir: “I Think It’s Worked Its Way Back Over Time”
• Neutral Sentiment: Palantir scheduled its Q1 2026 earnings release and webcast for May 4 — a near-term catalyst that will likely amplify volatility. Palantir Announces Date of First Quarter 2026 Earnings Release and Webcast
• Neutral Sentiment: Ongoing defense and Space Symposium attention reinforces Palantir’s exposure to a growing government AI/defense spend theme — supportive but not a guarantee of near-term multiple expansion. Palantir, SpaceX, L3Harris and More Defense and AI Stars Align At Space Symposium 2026
• Neutral Sentiment: Coverage pieces noting daily price moves and market-beating returns help explain momentum flows but don’t change fundamentals. Palantir Technologies Inc. (PLTR) Surpasses Market Returns: Some Facts Worth Knowing
• Negative Sentiment: Billionaire Michael Burry’s public warning that Anthropic is a serious competitive threat amplified fear that rapidly growing AI incumbents could erode Palantir’s middleware moat — a clear downside catalyst for sentiment and valuation. Billionaire Michael Burry: Anthropic Is a Serious Threat to Palantir Stock
• Negative Sentiment: Analysis suggesting Anthropic’s rapid ARR growth is encroaching on Palantir’s middleware advantages adds fundamental risk to future growth assumptions. Palantir: Anthropic's $30 Billion ARR Surge Is Eating The Middleware Moat
• Negative Sentiment: Mizuho trimmed its price target (to $185) citing valuation recalibration; that signals some analysts are trimming upside and reinforces caution for investors worried about stretched multiples. Palantir Sees Target Cut to $185 by Mizuho: Is the AI Darling Losing Its Luster?
• Negative Sentiment: Multiple think pieces asking if it’s time to “panic” and laying out bear cases highlight that Palantir’s high valuation makes it vulnerable to negative headlines and competitor-led disruption. Is It Time for Palantir Investors to Panic?

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. UBS Group raised their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Robert W. Baird raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research note on Tuesday, February 3rd. Weiss Ratings cut Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Finally, Daiwa Securities Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.32.

Palantir Technologies Stock Performance

PLTR stock opened at $135.63 on Wednesday. The stock has a market capitalization of $324.38 billion, a P/E ratio of 215.29, a PEG ratio of 2.62 and a beta of 1.68. Palantir Technologies Inc. has a one year low of $89.31 and a one year high of $207.52. The company has a 50 day moving average price of $143.21 and a two-hundred day moving average price of $165.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies's revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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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