New Mexico Educational Retirement Board Buys 6,900 Shares of Palantir Technologies Inc. $PLTR

Key Points

• New Mexico Educational Retirement Board raised its Palantir stake by 7.2%, buying 6,900 shares to hold 102,700 shares worth $18,735,000, representing about 0.6% of its portfolio and the fund's 20th largest position.
• Strong results and strategic wins: Palantir beat Q earnings estimates ($0.25 vs. $0.23) with revenue of $1.41B (+70% YoY) and has new partnerships (NVIDIA AI OS, Navy ShipOS) plus an ~$11.2B backlog including a ~$10B Army deal that support multi‑year revenue visibility.
• Insider selling and valuation risks: Insiders sold roughly 1,045,279 shares (~$140.5M) in the last 90 days, while the stock trades at a premium (P/E ~242.5) and carries mixed analyst sentiment (average rating "Moderate Buy", target ~$196), which could pressure sentiment despite fundamentals.

New Mexico Educational Retirement Board raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,700 shares of the company's stock after acquiring an additional 6,900 shares during the period. Palantir Technologies comprises about 0.6% of New Mexico Educational Retirement Board's investment portfolio, making the stock its 20th largest position. New Mexico Educational Retirement Board's holdings in Palantir Technologies were worth $18,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. raised its holdings in shares of Palantir Technologies by 778.7% in the third 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 during the last quarter. Prentice Wealth Management LLC bought a new stake in Palantir Technologies during the 3rd quarter worth about $550,000. Watershed Private Wealth LLC grew its holdings in Palantir Technologies by 75.3% during the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company's stock worth $1,423,000 after acquiring an additional 3,350 shares during the last quarter. GAM Holding AG increased its position in Palantir Technologies by 39.0% in the 3rd quarter. GAM Holding AG now owns 13,788 shares of the company's stock valued at $2,515,000 after acquiring an additional 3,868 shares in the last quarter. Finally, Pinkerton Wealth LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $3,394,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $152.77 on Thursday. The stock has a market cap of $365.38 billion, a price-to-earnings ratio of 242.50, a P/E/G ratio of 3.07 and a beta of 1.70. The company has a 50 day moving average of $151.49 and a 200-day moving average of $168.73. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business posted $0.14 earnings per share. Palantir Technologies's revenue was up 70.0% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLTR shares. DA Davidson reduced their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 3rd. Zacks Research cut shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. Daiwa Securities Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a report on Tuesday, February 10th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Freedom Capital raised Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $196.32.

More Palantir Technologies News

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

• Positive Sentiment: Major strategic partnership with NVIDIA to deliver a sovereign AI OS increases Palantir’s addressable market for government and enterprise “sovereign” AI deployments and strengthens its software moat. Palantir Is Launching New AI OS Reference Architecture with Nvidia
• Positive Sentiment: Win‑rate in defense keeps rising — Palantir joined the U.S. Navy’s ShipOS initiative via a Keel partnership, embedding Foundry/AIP into shipbuilding and naval supply chains (potential multi‑year revenue). Keel Joins Palantir and U.S. Navy in ShipOS Initiative
• Positive Sentiment: Large revenue backlog and anchor contracts (reported ~$11.2B backlog and a $10B Army deal) give multi‑year revenue visibility and support bullish growth forecasts cited by bulls. Palantir Has an $11.2 Billion Revenue Backlog, a $10 Billion Army Deal
• Positive Sentiment: Analyst support: UBS raised its price target to $200 (buy) and Wedbush maintained an Outperform — these upgrades help underpin the stock and attract flows. Why Is Palantir Stock Gaining Today? (Benzinga recap of analyst moves)
• Neutral Sentiment: Investor interest and derivatives activity (option plays) show traders are engaged — can amplify moves but is not a structural driver. Option Plays in Palantir Stock Are Doing Well
• Neutral Sentiment: Coverage and bull narratives (TipRanks, Seeking Alpha, Motley Fool pieces) highlight both the AI upside and the company’s transition toward productized, enterprise software — helpful for long‑term thesis but already partially priced in. ‘The Time Has Arrived,’ Says Investor About Palantir Stock
• Negative Sentiment: Insider selling has been notable this year, which can pressure sentiment even as corporate results improve. Palantir insiders have been dumping nearly $6 million PLTR shares per day in 2026
• Negative Sentiment: Valuation and bear commentary remain counterweights — multiple outlets warn that PLTR’s premium valuation and competition in AI could make it a “good company, bad bet” at current levels. Palantir At $150: Good Company, Bad Bet
• Negative Sentiment: Political/insider sell disclosures and notable investor skepticism (e.g., short takes) can amplify intraday weakness despite fundamental wins. This U.S. politician just suspiciously dumped major AI stocks

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 17,438 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 $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares of the company's stock, valued at $52,467,716.40. This represents a 4.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,045,279 shares of company stock worth $140,539,043. 9.23% 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.

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