Palantir Technologies Inc. $PLTR Position Decreased by Hedeker Wealth LLC

Key Points

• Hedeker Wealth LLC reduced its Palantir stake by 10.8%, selling 25,206 shares and now holding 207,953 shares worth about $36.96 million, which represents 7.8% of the fund and is its largest position.
• Insider selling has been heavy recently — CEO Alex Karp sold 493,025 shares (~$66M) and insiders offloaded about 1,029,879 shares (~$137.7M) in the last quarter, leaving insiders with 9.23% ownership.
• Palantir reported strong Q4 results (70% revenue growth, EPS beat) and carries an average analyst rating of "Moderate Buy" with a $197.77 average price target, but a very high P/E (~203) and competition/negative headlines (Anthropic, Michael Burry) increase valuation risk and volatility.

Hedeker Wealth LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,953 shares of the company's stock after selling 25,206 shares during the period. Palantir Technologies makes up approximately 7.8% of Hedeker Wealth LLC's portfolio, making the stock its biggest holding. Hedeker Wealth LLC's holdings in Palantir Technologies were worth $36,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after buying an additional 8,168,604 shares during the last quarter. State Street Corp boosted its stake in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock worth $3,976,534,000 after buying an additional 1,213,529 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock worth $3,846,957,000 after buying an additional 769,238 shares during the last quarter. Finally, Amundi boosted its stake in shares of Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after buying an additional 4,373,201 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Palantir Technologies in a report on Wednesday, March 25th. Truist Financial initiated coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They issued a "buy" rating and a $223.00 price target on the stock. Loop Capital lowered their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, January 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Northland Securities raised shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.77.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 493,025 shares of the company's stock in a transaction on 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 transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Corporate insiders own 9.23% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Political and defense tailwinds: President Trump publicly praised Palantir’s warfighting capabilities and the company is tied to sizable Pentagon programs (Maven expansion, Army procurement pathways) that support revenue visibility for defense customers. QuiverQuant: Trump Praises Palantir
• Positive Sentiment: Bull analyst views and high price targets: Several firms (including Wedbush) have reiterated bullish targets (Wedbush $230) and some investors call the sell‑off overdone, arguing for large upside from current levels. That support can attract dip buyers. Benzinga: Wall Street Bull Sees 70% Upside
• Positive Sentiment: Technical/bounce signals: Short-term trading signals triggered intraday support and produced a modest rebound, indicating active momentum traders are buying dips. Benzinga: Trading Signal
• Neutral Sentiment: Strong fundamentals but rich expectations: Palantir reported robust revenue growth and improving margins (background Q4 strength), which underpins long-term case — but much of that is already priced in. MarketBeat: PLTR Fundamentals
• Neutral Sentiment: Analyst divergence widens volatility: While some firms keep high targets, others highlight execution/valuation risk — that split increases intraday swings and investor disagreement over fair value. Zacks: Valuation Comparison
• Negative Sentiment: High-profile bearish catalyst — Michael Burry: Burry publicly reiterated and expanded bearish bets (long‑dated puts) and wrote that Anthropic is "eating Palantir’s lunch," which sparked a sharp, sentiment-driven sell‑off and headline volatility. CNBC: Burry Still Betting Against Palantir
• Negative Sentiment: Anthropic/AI competition fear: Launches like Anthropic’s Mythos heightened concerns that cheaper, easier-to-deploy AI models could reallocate enterprise AI spend away from Palantir’s heavier platform. That sector narrative pressured software peers too. Investopedia: Anthropic Shockwave
• Negative Sentiment: Valuation and insider selling: PLTR trades at very rich multiples vs. earnings, leaving little margin for disappointment; public disclosures show significant insider sales that some investors read as cautionary. QuiverQuant: Valuation & Insider Activity

Palantir Technologies Price Performance

Shares of PLTR stock opened at $128.01 on Friday. The company's fifty day simple moving average is $143.96 and its two-hundred day simple moving average is $166.37. Palantir Technologies Inc. has a 1 year low of $85.47 and a 1 year high of $207.52. The stock has a market capitalization of $306.15 billion, a price-to-earnings ratio of 203.19, a PEG ratio of 2.54 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The business's revenue for the quarter was up 70.0% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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