Palantir Technologies Inc. $PLTR Shares Sold by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC cut its stake in Palantir by 60.9% in Q4, selling 9,266 shares and leaving it with 5,945 shares worth about $1.057 million.
• Insiders have been net sellers — CEO Alexander C. Karp sold 493,025 shares for roughly $66 million, and insiders disposed of 1,045,279 shares (~$140.5 million) over the past 90 days, reducing insider ownership to 12.93%.
• Offsetting the selling, Palantir gained strategic wins (the Pentagon designated Maven as a program of record and Stellantis renewed/expanded its partnership) and multiple analyst upgrades lifted the average price target to about $198.59, though the stock carries a high valuation (P/E ~232) that raises downside risk.

Three Seasons Wealth LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 60.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,945 shares of the company's stock after selling 9,266 shares during the quarter. Three Seasons Wealth LLC's holdings in Palantir Technologies were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp grew its holdings in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Amundi increased its stake 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 stake 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, Invesco Ltd. raised its holdings in Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company's stock worth $2,806,182,000 after purchasing an additional 2,838,300 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 493,025 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,045,279 shares of company stock valued at $140,539,043. 12.93% of the stock is currently owned by company insiders.

More Palantir Technologies News

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

• Positive Sentiment: U.S. defense designation — The Pentagon named Palantir’s Maven Smart System a program of record, a formal recognition that can drive multi-year government spending and stronger recurring revenue. Why Palantir's New Program of Record With the Pentagon Could Be a Game Changer
• Positive Sentiment: Strategic defense work — Reports that Palantir (with Anduril) is developing core software for the U.S. "golden dome" missile defense program reinforce Palantir’s positioning as mission‑critical software for national security. Palantir Is Developing the ‘Core’ of the Golden Dome. Does That Make PLTR Stock a Buy Now?
• Positive Sentiment: Material commercial renewal — Stellantis renewed and expanded a five‑year partnership to deploy Foundry and Palantir’s AI platform more broadly across manufacturing and operations, a meaningful enterprise reference customer and recurring-revenue tailwind. Palantir Technologies Announces the Renewal and Expansion of Its Partnership With Stellantis
• Positive Sentiment: Analyst support — Mizuho reaffirmed an Outperform rating and $195 price target, highlighting strong enterprise demand and giving investors confidence in upside vs. headline volatility. Palantir (PLTR) Rated Outperform on Strong Enterprise Demand
• Neutral Sentiment: Market recognition & growth metrics — Multiple pieces note Palantir’s strong Rule-of-40, rapid revenue growth and AIP traction; these support the long-term bull case but are already priced into a rich valuation. Does This Impressive Chart Justify Palantir's High Valuation?
• Negative Sentiment: Valuation risk and skepticism — Several analysts and commentators warn PLTR is priced for perfection; famed short‑seller commentary and pieces noting a large pullback increase downside risk if growth slows. Michael Burry Says 'Shorts Are Not Forever' As Palantir, Nvidia Stocks Wrap A Rough Quarter
• Negative Sentiment: Sector rotation & volatility — Broader AI/tech rotation and recent profit-taking have pressured AI names; commentators note PLTR’s high multiples make it more sensitive to sentiment shifts. Everyone Is Rotating Out of Artificial Intelligence (AI) Stocks

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. UBS Group boosted their target price on Palantir Technologies from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, March 18th. The Goldman Sachs Group cut their price target on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. William Blair upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating in a research report on Monday, February 2nd. Mizuho raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $195.00 price objective on the stock in a research note on Wednesday, February 18th. Finally, HSBC upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $198.59.

Palantir Technologies Stock Performance

Shares of PLTR opened at $146.28 on Wednesday. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company's 50 day simple moving average is $146.95 and its 200 day simple moving average is $168.18. The company has a market capitalization of $349.85 billion, a price-to-earnings ratio of 232.19, a PEG ratio of 2.73 and a beta of 1.70.

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

Palantir Technologies 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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