Palantir Technologies Inc. $PLTR Position Lessened by Mainstay Capital Management LLC ADV

Key Points

• Mainstay Capital Management cut its Palantir stake by 86.6% in Q3, selling 39,424 shares and leaving it with 6,098 shares valued at $1.112 million.
• Heavy insider selling has pressured sentiment — Shyam Sankar sold 168,004 shares (~$22.5M) and insiders sold 1,045,279 shares (~$140.54M) over the last 90 days, though insiders still own 9.23% of the stock.
• Fundamentals and catalysts point to growth: Palantir beat estimates with $0.25 EPS and $1.41B revenue (+70% YoY), and it cites an ~$11.2B backlog plus a strategic NVIDIA partnership for a sovereign AI OS, but the stock trades at a premium valuation (P/E ~242.5).

Mainstay Capital Management LLC ADV lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 86.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,098 shares of the company's stock after selling 39,424 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Palantir Technologies were worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its stake in 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 buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at $29,000. Zeit Capital LLC bought a new position in shares of Palantir Technologies during the second quarter worth about $30,000. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth about $30,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 1.5%

PLTR stock opened at $152.77 on Thursday. The company has a 50-day simple moving average of $151.49 and a 200 day simple moving average of $168.73. The company has a market capitalization of $365.38 billion, a P/E ratio of 242.50, a PEG ratio of 3.07 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 EPS 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 firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the company earned $0.14 EPS. Palantir Technologies's quarterly revenue was up 70.0% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLTR shares. Phillip Securities started coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a "buy" rating and a $208.00 price objective on the stock. Weiss Ratings cut shares of Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $200.00 price target on shares of Palantir Technologies in a 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 research report on Tuesday, February 3rd. Finally, William Blair raised Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. Two equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and an average target price of $196.32.

Palantir Technologies News Summary

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction on 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 transaction, the insider directly owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,045,279 shares of company stock valued at $140,539,043. 9.23% of the stock is currently owned by insiders.

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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