Palantir Technologies Inc. $PLTR Shares Sold by Flagship Harbor Advisors LLC

Key Points

• Flagship Harbor Advisors cut its Palantir stake by 52.9% in Q4, selling 17,632 shares and leaving 15,699 shares valued at about $2.79 million.
• Large insider selling: Stephen Andrew Cohen sold 327,088 shares (~$43.7M) on Feb. 20, and insiders have sold 1,029,879 shares (~$137.7M) in the past 90 days, though insiders still own 9.23% of the stock.
• Analyst view and results: The stock holds a consensus “Moderate Buy” target of $197.77 amid mixed analyst moves, while Palantir reported revenue up 70% YoY and an EPS beat ($0.25 vs. $0.23) for the latest quarter.

Flagship Harbor Advisors LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,699 shares of the company's stock after selling 17,632 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Palantir Technologies were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in Palantir Technologies in the second quarter valued at $29,000. Zeit Capital LLC acquired a new position in Palantir Technologies in the second quarter valued at $30,000. Financial Consulate Inc. purchased a new stake in Palantir Technologies during the third quarter valued at about $30,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PLTR shares. DA Davidson cut their price objective on Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating on the stock in a report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. Mizuho raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $195.00 target price for the company in a research report on Wednesday, February 18th. Piper Sandler restated an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, UBS Group boosted their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $197.77.

Palantir Technologies Stock Up 1.4%

PLTR opened at $150.07 on Wednesday. The firm's 50 day moving average is $145.10 and its 200-day moving average is $167.28. The firm has a market capitalization of $358.92 billion, a P/E ratio of 238.21, a P/E/G ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a 52-week low of $75.22 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm's revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 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 $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at $79,162.24. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 19,988 shares of the firm'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 transaction of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares of the company's stock, valued at $29,340,976.12. The trade was a 8.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Insiders own 9.23% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: UBS and other analysts highlight Palantir’s ontology/AIP layer as a durable competitive moat that turns raw enterprise data into actionable AI — a core reason some firms list PLTR among top multi-year AI buys. Read More.
• Positive Sentiment: Company fundamentals cited by outlets show very strong recent results (robust revenue growth, high margins, cash balance and large TCV) and a formal military program designation (Maven), which supports recurring government revenue and reduces downside risk to the revenue base. Read More.
• Positive Sentiment: Strategic positioning in defense AI—analysts (e.g., Wedbush) see Palantir as a likely first mover in defense AI integration, a thematic catalyst if U.S. defense spending and AI procurements accelerate. Read More.
• Neutral Sentiment: Short-term market forces: sector-wide growth-stock volatility and Nasdaq weakness have pressured PLTR at points this week, producing intraday swings even as company-specific news is mixed. Read More.
• Neutral Sentiment: CEO public comments on the disruptive effects of AI are garnering attention — reputational/PR effects are unclear for investors but could amplify both support and criticism. Read More.
• Negative Sentiment: Ethics and contract risk: UK NHS staff groups and other critics are pushing boycotts over Palantir’s public-sector data work and defense ties; sustained reputational or political pressure could slow commercial expansion in sensitive sectors. Read More.
• Negative Sentiment: Valuation and skepticism: benchmark coverage and several commentaries warn PLTR trades at a premium that requires continued very high revenue growth to justify; a few bearish takes warn of large downside if AIP pilot projects fail to scale. Read More.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.