NorthCrest Asset Manangement LLC Has $10.95 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• NorthCrest Asset Management increased its stake in Palantir by 115% in Q4, owning 62,893 shares worth approximately $10.95 million after adding 33,637 shares.
• Company insiders have been notable sellers recently — Shyam Sankar sold 168,004 shares and CEO Alexander Karp sold 493,025 shares, with insiders offloading 1,045,279 shares (~$140.5M) over the last three months while insiders still own 9.23%.
• Palantir posted a strong Q4 (70% revenue growth to $1.41B and an EPS beat), but trades at a high valuation (P/E ~239) amid mixed analyst views and a consensus target near $196.32.

NorthCrest Asset Manangement LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 115.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,893 shares of the company's stock after acquiring an additional 33,637 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Palantir Technologies were worth $10,946,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Occidental Asset Management LLC lifted its holdings in Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock valued at $358,000 after purchasing an additional 53 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock valued at $447,000 after purchasing an additional 53 shares during the last quarter. Bare Financial Services Inc raised its position in shares of 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 purchasing an additional 55 shares during the period. Lionshead Wealth Management LLC raised its position in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after purchasing an additional 56 shares during the period. Finally, Ellenbecker Investment Group lifted its stake in shares of Palantir Technologies by 3.6% during the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company's stock worth $295,000 after buying an additional 57 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Keel Holdings joined Palantir on the Navy’s ShipOS effort, expanding Palantir’s footprint in U.S. shipbuilding on a program backed by up to $448M of authorized funding — a sizable government revenue catalyst for PLTR. A Quiet Navy Shipbuilding Move Just Put Palantir’s Software Deeper Into the Yard
• Positive Sentiment: UBS raised Palantir’s price target to $200, reiterating conviction after meeting company executives — analyst support can underpin further rallies and reduce near-term downside. UBS Group Raises Palantir Technologies NASDAQ: PLTR Price Target to $200.00
• Positive Sentiment: Palantir and NVIDIA unveiled a sovereign AI OS reference architecture (aimed at sensitive government and enterprise use cases), reinforcing TAM expansion in “physical AI” and strategic OEM partnerships. This bolsters the long‑term commercial growth narrative. Palantir Is Launching New AI OS Reference Architecture with Nvidia. Should You Buy PLTR Stock?
• Positive Sentiment: Investors and traders are highlighting Palantir’s strong Q4 results (70% revenue growth), a large $11.2B backlog and new defense/commercial contracts (Air Force, GE Aerospace) that support earnings acceleration expectations. Palantir Technologies Stock (PLTR) Opinions on Earnings Acceleration and New Deals
• Neutral Sentiment: Palantir inked a partnership with Moder to build AI mortgage operations software (pilot with Freedom Mortgage) — a commercial win but early-stage revenue implications. Palantir and Moder Partner to Transform Mortgage Industry
• Neutral Sentiment: PLTR is a top holding in thematic funds (e.g., ARKK); flows into/out of those ETFs can amplify moves but don’t change fundamentals — watch ETF positioning for short‑term pressure or relief. Is the ARK Innovation ETF Finding a Floor? Tesla and Robinhood Set the Tone (PLTR)
• Negative Sentiment: Valuation concerns persist—PLTR trades at very high multiples versus peers, and several commentaries warn the market may already price in much of the upside; lofty multiples increase downside risk if growth slows. Is It Too Late to Buy Palantir, or Is the Market Still Missing Something?
• Negative Sentiment: High-profile skeptics and notable short activity (media headlines and investor attacks) keep volatility elevated — continued negative press or insider sales could pressure the stock despite strong execution. Michael Burry Rails Against the Media Over Palantir Coverage

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $150.68 on Friday. The company has a market cap of $360.38 billion, a price-to-earnings ratio of 239.18, a PEG ratio of 2.99 and a beta of 1.70. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The stock has a fifty day moving average price of $150.53 and a 200-day moving average price of $168.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations 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 was up 70.0% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Shyam Sankar sold 168,004 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction that occurred 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 sale, the insider owned 6,432,258 shares in the company, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,045,279 shares of company stock valued at $140,539,043. Company insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 28th. Cantor Fitzgerald restated a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. DA Davidson reduced their price objective on Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Freedom Capital raised Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 13th. Finally, HSBC upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $196.32.

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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