Palantir Technologies Inc. $PLTR Shares Sold by Sullivan Wood Capital Management LLC

Key Points

• Sullivan Wood Capital Management cut its Palantir stake by 50.0% in Q3, selling 7,572 shares and retaining 7,581 shares worth about $1.38 million (≈2.0% of the firm's portfolio, its 9th largest position).
• There has been heavy insider selling recently — including Stephen Cohen's sale of 39,136 shares and David Glazer's 9,000-share sale — with insiders offloading a total of 1,008,044 shares worth $164.6 million over the last three months.
• Wall Street leans toward caution: the consensus rating is a "Hold" with a $172.28 price target, while the stock trades near $177.75 and carries a very high valuation (PE ~423x) despite recent revenue and EPS beats.

Sullivan Wood Capital Management LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,581 shares of the company's stock after selling 7,572 shares during the period. Palantir Technologies accounts for about 2.0% of Sullivan Wood Capital Management LLC's investment portfolio, making the stock its 9th largest position. Sullivan Wood Capital Management LLC's holdings in Palantir Technologies were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Financial Consulate Inc. purchased a new position in Palantir Technologies during the third quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth $31,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the second quarter valued at $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PLTR shares. UBS Group upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 4th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 28th. Citigroup increased their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 5th. HSBC raised their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a "hold" rating in a report on Wednesday, November 5th. Finally, CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 12th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $172.28.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $177.75 on Friday. The firm has a market capitalization of $423.66 billion, a PE ratio of 423.22, a price-to-earnings-growth ratio of 6.89 and a beta of 1.54. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The stock's 50 day moving average price is $181.20 and its 200 day moving average price is $168.89.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $0.10 earnings per share. The business's quarterly revenue was up 62.8% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Accenture partnership could accelerate enterprise AI deployments and widen Palantir's commercial channel, improving sales cadence and credibility with large customers. Accenture and Palantir Form Business Group
• Positive Sentiment: Market narratives highlight Palantir's transformation into a market leader in enterprise AI after strong 2025 adoption of its AIP platform — the company was a major contributor to tech and S&P sector gains last year. Palantir: From Meme Stock To Market Leader
• Positive Sentiment: Positive fundamental assessment: some analysts/investors point to Palantir's strong Rule of 40 and fast growth vs. the AI software market as justification for a premium multiple. Is Palantir Technologies Stock a Buy?
• Neutral Sentiment: High-profile CEO real‑estate purchase (Alex Karp buying an Aspen‑area ranch) is newsworthy but likely immaterial to operating performance; may attract attention to insider activity. Palantir CEO Alex Karp nabs Aspen-area ranch
• Neutral Sentiment: Market commentary and trade ideas note low volatility and options setups around PLTR, reflecting that some traders see structured ways to express views without large directional exposure. Low Volatility In Palantir Stock Sets Up This Options Strangle
• Negative Sentiment: Valuation warnings: several analysts and commentators argue Palantir's premium multiple is extreme relative to near‑term upside, flagging risk if growth slows — a direct headline criticizes an "exorbitant valuation" despite strong fundamentals. Palantir: Brilliant Fundamentals Offset By Exorbitant Valuation
• Negative Sentiment: Bearish views and downside scenarios: some Wall Street voices and investors warn of large potential declines for AI high‑flyers in 2026 and notable short positions/hedges (including press on Michael Burry), creating selling pressure risk. 2 AI Stocks to Sell Before They Drop
• Negative Sentiment: Analyst caution on near‑term upside: some pieces conclude that while Palantir's long‑term story is compelling, analysts see limited upside in the coming year, which can cap the stock absent fresh catalysts. Is Palantir Technologies Stock a Buy?

Insider Activity

In related news, insider Stephen Andrew Cohen sold 39,136 shares of the business's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the transaction, the insider owned 592 shares in the company, valued at approximately $92,500. The trade was a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 9,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares of the company's stock, valued at $76,899,626.49. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,008,044 shares of company stock worth $164,601,839 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

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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