Palantir Technologies Inc. $PLTR Shares Purchased by Garde Capital Inc.

Key Points

• Garde Capital Inc. increased its Palantir stake by 537.8% in the fourth quarter, owning 28,256 shares worth about $5.0 million after adding 23,826 shares.
• Several other institutions also boosted holdings, and hedge funds and other institutional investors now own 45.65% of Palantir’s stock, signaling continued Wall Street interest.
• Palantir reported strong quarterly results, with EPS of $0.33 versus the $0.28 estimate and revenue of $1.63 billion, up 84.7% year over year, even as insiders have recently sold shares and analysts remain mixed with a Moderate Buy rating.

Garde Capital Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 537.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,256 shares of the company's stock after acquiring an additional 23,826 shares during the period. Garde Capital Inc.'s holdings in Palantir Technologies were worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. lifted its position in Palantir Technologies by 4.0% during the third 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 in the last quarter. State Street Corp lifted its position in Palantir Technologies by 7.2% during the third 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 in the last quarter. Amundi lifted its position in Palantir Technologies by 38.7% during the third 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 in the last quarter. Wellington Management Group LLP lifted its position in Palantir Technologies by 228.0% during the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock worth $945,403,000 after buying an additional 3,602,471 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new position in Palantir Technologies during the third quarter worth approximately $408,763,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of Palantir Technologies stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares of the company's stock, valued at $8,479,158.87. The trade was a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 922,524 shares of company stock valued at $125,501,302. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 8.2%

NASDAQ:PLTR opened at $143.34 on Friday. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52 week high of $207.52. The company has a market capitalization of $343.63 billion, a P/E ratio of 161.06, a P/E/G ratio of 2.10 and a beta of 1.52. The stock's fifty day moving average is $141.62 and its two-hundred day moving average is $156.13.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company's revenue for the quarter was up 84.7% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Multiple bullish articles argue Palantir remains one of the best high-growth software names, citing strong revenue growth, a powerful Rule of 40 profile, and continued momentum in AI-driven demand. Article: Here's Why Palantir Technologies Inc. (PLTR) is a Strong Growth Stock
• Positive Sentiment: One article says Palantir could be poised for a stronger rebound, with writers pointing to the stock’s pullback this year as a potential buying opportunity rather than a sign of weakening fundamentals. Article: Why Palantir Stock Is Soaring Today
• Positive Sentiment: Thomas Cavanagh Construction extended its partnership with Palantir through 2035, reinforcing the company’s ability to lock in recurring commercial revenue and expand non-government use of its Foundry platform. Article: Thomas Cavanagh Construction Limited Extends Strategic Partnership with Palantir Technologies Through December 31, 2035
• Neutral Sentiment: Several valuation-focused pieces compare PLTR with other software stocks and ETFs, showing that investors are still debating whether Palantir’s premium valuation is justified. Article: Palantir vs. Oracle in 2026. Which One Is the Better Buy Right Now?
• Negative Sentiment: Some commentary warns that AI expectations may be getting too stretched and that Palantir’s rich valuation leaves less room for error, which could cap further upside if growth slows. Article: Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can't Ignore
• Negative Sentiment: One Seeking Alpha piece argues OpenAI and Anthropic may be becoming a bigger competitive threat, suggesting Palantir could face tougher AI competition over time. Article: Palantir: OpenAI And Anthropic Just Became The Biggest Problem

Analyst Ratings Changes

A number of equities analysts recently commented on PLTR shares. Weiss Ratings downgraded Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, April 27th. Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective on the stock in a research report on Tuesday, February 3rd. DZ Bank started coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective on the stock. Phillip Securities lifted their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an "underperform" rating and set a $90.00 price objective on shares of Palantir Technologies in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Moderate Buy" and an average price target of $192.76.

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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