Palantir Technologies Inc. $PLTR Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors reduced its Palantir stake by 19.6%, selling 394,069 shares and leaving it with 1,617,027 shares worth about $295 million, while institutional investors own roughly 45.65% of PLTR.
• Palantir reported strong quarterly results—EPS of $0.25 topped estimates and revenue rose about 70% to $1.41 billion—and is seeing analyst momentum and geopolitically driven demand, producing a consensus "Moderate Buy" with an average target of $192.68.
• Notable insider selling (Alexander Karp sold 493,025 shares and insiders have sold over 1.05M shares worth ~$142M in the past 90 days) may weigh on near‑term sentiment despite the fundamental and defense/A.I. tailwinds.

First Trust Advisors LP lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,617,027 shares of the company's stock after selling 394,069 shares during the quarter. First Trust Advisors LP owned 0.07% of Palantir Technologies worth $294,978,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after acquiring an additional 1,694 shares during the period. Finally, AlphaQuest LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $50,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLTR. DA Davidson lowered their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, February 3rd. Loop Capital cut their target price on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a research note on Monday, February 2nd. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Northland Securities raised Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $192.68.

Palantir Technologies News Roundup

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

• Positive Sentiment: Geopolitical tailwind — Traders and analysts see Palantir as a direct beneficiary of the U.S.-Iran conflict given its deep ties to military and intelligence customers; defensive/A.I. spending expectations helped push the stock higher this week. Palantir rallies 15% for the week as Iran war boosts prospects, muting Anthropic concern
• Positive Sentiment: Legal win reduces IP/staff‑poaching risk — Court documents made public show a judge barred former employees from using Palantir’s proprietary data and soliciting staff, removing a near‑term competitive/legal overhang. Why Palantir Technologies Stock Popped on Friday
• Positive Sentiment: Analyst and estimate momentum — Piper Sandler and others have reiterated bullish ratings and several shops have lifted targets; earnings‑estimate revisions are trending higher, supporting the bullish narrative. Piper Sandler Remains a Buy on Palantir (PLTR) Earnings Estimates Moving Higher for Palantir
• Positive Sentiment: Strong fundamentals and AI traction — Recent results showed high revenue growth and expanding margins; investors cite Palantir’s AIP product and commercial momentum as durable growth drivers. Palantir Stock Rallies 12% in a Month: Buy, Hold, or Sell?
• Neutral Sentiment: Anthropic saga is unresolved — The Pentagon’s actions against Anthropic create both opportunity (less competition for defense work) and uncertainty; Anthropic vows to fight the designation, which keeps the outcome cloudy for contractors. Anthropic Vows Legal Fight Against Pentagon Sanction in AI Feud
• Negative Sentiment: Technical / product risk from Anthropic unwind — Reports say Palantir may need to replace Anthropic‑based components in key defense platforms, which could be costly and disruptive to Maven/AIP integrations. Palantir Faces Costly AI Overhaul After Trump Administration Bans Anthropic From Pentagon Work
• Negative Sentiment: Insider selling headline — High‑profile share sales (Peter Thiel) have grabbed attention; analysts mostly call it routine liquidity, but it can add short‑term sentiment pressure. Thiel Cashes Out $280M While the Palantir Faithful Do the Math
• Neutral Sentiment: Macro/tech weakness can dent gains — broader tech selling and global market jitters can cap upside even as defense names rally; expect headline‑driven volatility. TSLA, PLTR and SMCI Forecast – Tech Stocks Under Pressure Early

Palantir Technologies Trading Up 2.9%

Palantir Technologies stock opened at $157.16 on Friday. The firm has a market capitalization of $375.88 billion, a P/E ratio of 249.46, a P/E/G ratio of 2.94 and a beta of 1.70. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The stock's fifty day simple moving average is $155.48 and its 200-day simple moving average is $168.91.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 70.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 17,438 shares of the business's 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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This represents a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,054,279 shares of company stock worth $142,212,233 over the last ninety days. Company insiders own 9.23% 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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