Norden Group LLC Purchases 4,275 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Norden Group LLC increased its Palantir stake by 20.9%, buying 4,275 shares in Q4 to own 24,728 shares valued at about $4.395 million.
• Corporate insiders have been net sellers recently — Stephen Andrew Cohen sold 327,088 shares for roughly $43.7 million, and insiders have sold about 1,045,279 shares worth $140.5 million in the last 90 days.
• Palantir beat Q4 expectations with $0.25 EPS and $1.41 billion revenue (up 70% YoY), yet the stock is volatile — down 4.8% on the day — and trades at a high valuation (P/E ~234) with a consensus "Moderate Buy" price target near $198.59.

Norden Group LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,728 shares of the company's stock after buying an additional 4,275 shares during the quarter. Norden Group LLC's holdings in Palantir Technologies were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Bare Financial Services Inc grew its stake 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 period. Financial Consulate Inc. bought a new stake in Palantir Technologies in the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $31,000. United Financial Planning Group LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Palantir Technologies during the third quarter worth about $32,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 4.8%

Shares of NASDAQ PLTR opened at $147.56 on Friday. The stock's 50-day simple moving average is $148.62 and its two-hundred day simple moving average is $168.58. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The firm has a market capitalization of $352.92 billion, a P/E ratio of 234.23, a P/E/G ratio of 3.07 and a beta of 1.70.

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, topping 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm's quarterly revenue was up 70.0% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 19,988 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 $2,672,795.36. Following the completion of the sale, the insider directly owned 219,421 shares of the company's stock, valued at approximately $29,340,976.12. This trade represents a 8.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,045,279 shares of company stock worth $140,539,043 in the last 90 days. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTR. The Goldman Sachs Group reduced their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a report on Thursday, January 22nd. UBS Group lifted their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Zacks Research cut shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, January 30th. Finally, Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $198.59.

More Palantir Technologies News

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

• Positive Sentiment: Expanded global partnership with Bain & Company to scale enterprise AI should accelerate commercial sales and implementation demand, improving Palantir's route to recurring revenue. Bain & Company announces expansion of lead global management consulting partnership with Palantir
• Positive Sentiment: Pentagon adoption of Palantir’s Maven as a formal program of record strengthens government revenue visibility and makes sizable multi‑year spend more likely — a key reason bulls justify the high multiple. Palantir Secures Pentagon Maven Role As Valuation And Growth Debated
• Positive Sentiment: Involvement on the reported $185B "Golden Dome" missile‑defense program with partners like Anduril could translate into multi‑year, high‑margin defense software revenue if contracts scale. That program has already driven analyst optimism and price‑target upgrades. Anduril, Palantir developing Golden Dome missile shield's software
• Positive Sentiment: Sell‑side support: Rosenblatt reaffirmed a "buy" and a $200 target, highlighting upside if execution continues and defense/commercial adoption expands. Rosenblatt reaffirms buy on Palantir (Benzinga)
• Neutral Sentiment: Analyst and media takes are split: coverage weighing Palantir as a major enterprise AI platform but noting intense competition and valuation risks — useful context but not an immediate catalyst. Palantir in the Enterprise AI Race (Zacks)
• Neutral Sentiment: Comparisons to larger AI plays (e.g., Nvidia) highlight Palantir's software exposure vs. hardware winners — frames long‑term thesis but doesn’t change near‑term cash flow profile. Nvidia vs Palantir: Which AI Stock is a Long-Term Buy?
• Negative Sentiment: Sectorwide tech profit‑taking and recent intraday weakness are pressuring PLTR despite positive news; several articles note sharp pullbacks tied to broad market moves. Palantir Drops 5% as Tech Sells Off (Yahoo)
• Negative Sentiment: Valuation and bearish analyst notes: high multiples (very elevated P/E) and calls from some firms to sell create downside risk if growth disappoints or defense wins don't translate to predictable revenue. Analyst says buy Amazon, sell Palantir (Fool)

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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