Palantir Technologies Inc. $PLTR Holdings Lowered by Truist Financial Corp

Key Points

• Truist Financial trimmed its Palantir stake by 2.9% in Q4, selling 15,135 shares and finishing the period with 513,894 shares worth about $91.35 million.
• Q1 beat and raised guidance: Palantir reported $1.63 billion in revenue (up 84.7% YoY) and $0.33 EPS, topped estimates and raised FY2026 revenue guidance on strong U.S. commercial acceleration.
• Heavy insider selling: Insiders have sold 1,029,479 shares worth roughly $137.7 million in the past 90 days, though company insiders still own about 9.53% of the stock.

Truist Financial Corp trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 513,894 shares of the company's stock after selling 15,135 shares during the period. Truist Financial Corp's holdings in Palantir Technologies were worth $91,345,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PLTR. Occidental Asset Management LLC lifted its stake in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock worth $358,000 after acquiring an additional 53 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock worth $447,000 after acquiring an additional 53 shares in the last quarter. Bare Financial Services Inc raised 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 purchasing an additional 55 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Palantir Technologies by 15.8% during the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock worth $78,000 after purchasing an additional 58 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its stake in shares of Palantir Technologies by 2.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock worth $527,000 after purchasing an additional 59 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research note on Thursday, January 22nd. Freedom Capital raised Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 13th. Argus raised Palantir Technologies to a "hold" rating in a research note on Monday, February 9th. Loop Capital cut their price target on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Finally, Daiwa Securities Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.17.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Q1 beat-and-raise: Palantir posted stronger-than-expected results (Q1 revenue ~$1.63B; EPS beat) and raised FY 2026 revenue guidance, signaling durable demand and turning expectations higher. Palantir Reports Q1 2026 — Business Wire
• Positive Sentiment: U.S. commercial acceleration: Management said U.S. commercial revenue more than doubled and the CEO described the U.S. business as “erupting,” which supports the raised guidance and implies strong secular AI-driven demand. Palantir Boosts Outlook — Investopedia
• Positive Sentiment: Margin and growth quality: Palantir’s Rule of 40 jumped to a record level (reported ~145%), indicating rare revenue growth combined with margin expansion — a bullish operational signal. Rule of 40 Hits 145% — Seeking Alpha
• Positive Sentiment: High‑profile endorsement: Prominent commentators (e.g., Jim Cramer) are highlighting Palantir as a long‑term AI play, which can support retail interest and momentum. Jim Cramer on Palantir — InsiderMonkey
• Neutral Sentiment: Volatility expected: Options and prediction markets priced a large post‑earnings swing, so short‑term moves may be amplified even after the beat. Options Traders Expect Big Swing — TipRanks
• Neutral Sentiment: Macro and headline risk: Broader market weakness (geopolitical tensions) is keeping trading choppy; Palantir can both benefit from defense/government demand and be dragged by risk‑off flows. Market Context — Investor's Business Daily
• Negative Sentiment: Valuation and competition concerns: Some analysts warn the stock is richly valued and competitors (new enterprise AI entrants) could pressure long‑term TAM growth; that viewpoint could cap multiple expansion. Market Size Limits — Seeking Alpha
• Negative Sentiment: Mixed analyst reactions and insider sales: Despite the beat, a few shops issued cautious notes or downgrades and filings show substantial insider selling activity — potential near‑term headwinds for sentiment. Analyst Downgrades — Invezz Insider Selling & Financials — QuiverQuant

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $146.03 on Tuesday. The firm has a market cap of $349.26 billion, a price-to-earnings ratio of 231.80, a P/E/G ratio of 2.69 and a beta of 1.52. The business's 50-day simple moving average is $145.27 and its 200-day simple moving average is $162.50. Palantir Technologies Inc. has a 52 week low of $105.32 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm'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 value of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $79,162.24. This trade represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,029,479 shares of company stock worth $137,685,797 in the last 90 days. Company insiders own 9.53% of the company's stock.

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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