Palantir Technologies Inc. $PLTR Shares Sold by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management reduced its stake in Palantir by 6.1% in Q4, selling 4,697 shares and leaving 71,766 shares worth about $12.76 million (roughly 3.5% of its portfolio).
• Palantir recently beat Q4 estimates (EPS $0.25 vs. $0.23; revenue $1.41B, +70% YoY) but trades at a premium valuation (P/E ~228.7) amid mixed analyst views and a consensus target of $192.17.
• There has been notable insider selling (1,029,479 shares sold in the last 90 days, including 327,088 by Stephen Cohen) even as large institutional investors like Vanguard, State Street, Amundi and Wellington have materially increased positions; institutional ownership is about 45.65%.

Elite Wealth Management Inc. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,766 shares of the company's stock after selling 4,697 shares during the period. Palantir Technologies makes up about 3.5% of Elite Wealth Management Inc.'s investment portfolio, making the stock its 7th biggest holding. Elite Wealth Management Inc.'s holdings in Palantir Technologies were worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. increased its holdings in Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp increased its holdings in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Amundi increased its holdings in Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares in the last quarter. Wellington Management Group LLP increased its holdings in Palantir Technologies by 228.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock valued at $945,403,000 after purchasing an additional 3,602,471 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new stake in Palantir Technologies in the 3rd quarter valued at $408,763,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $144.07 on Monday. The business has a 50-day moving average of $145.27 and a 200-day moving average of $162.50. The company has a market capitalization of $344.57 billion, a PE ratio of 228.69, a P/E/G ratio of 2.69 and a beta of 1.52. Palantir Technologies Inc. has a 1-year low of $105.32 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company's revenue was up 70.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts expect that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly owned 392,370 shares in the company, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. Corporate insiders own 9.53% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron's: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland‑Cliffs) that show sticky, multi‑year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied‑move data suggest traders expect a sizable post‑earnings swing — that raises both upside and downside risk. Investopedia: Expected Post‑Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near‑term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount‑to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

Wall Street Analyst Weigh In

PLTR has been the subject of several recent research reports. Freedom Capital upgraded Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 13th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Loop Capital lowered their target price 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, Wedbush restated an "outperform" rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.17.

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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