Parallel Advisors LLC Increases Stake in Palantir Technologies Inc. $PLTR

Key Points

• Parallel Advisors increased its stake in Palantir by 10.9% in Q3 to 206,310 shares (worth $37.64 million), making PLTR the firm's 22nd largest holding at 0.7% of its portfolio.
• Insider selling has been significant recently: CEO Alexander Karp sold 493,025 shares (~$66.0M) and Shyam Sankar sold 168,004 shares (~$22.5M), with insiders offloading about 1,054,279 shares (~$142.2M) over the past three months (insiders now own 9.23%).
• Palantir reported a beat (EPS $0.25 vs. $0.23) and revenue of $1.41B (up 70% YoY), prompting analyst upgrades and bullish sentiment amid geopolitical/AI tailwinds, though the stock trades at a rich valuation (PE ~249.5) and carries headline-driven volatility; the consensus rating is a "Moderate Buy" with an average target of $192.68.

Parallel Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,310 shares of the company's stock after acquiring an additional 20,232 shares during the period. Palantir Technologies accounts for 0.7% of Parallel Advisors LLC's portfolio, making the stock its 22nd largest holding. Parallel Advisors LLC's holdings in Palantir Technologies were worth $37,635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth $27,000. Bare Financial Services Inc lifted its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies during the second quarter valued at about $29,000. Zeit Capital LLC bought a new stake in Palantir Technologies during the second quarter valued at about $30,000. Finally, Financial Consulate Inc. purchased a new stake in Palantir Technologies in the third quarter worth about $30,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.9%

Shares of PLTR opened at $157.16 on Friday. The business's 50 day moving average is $155.48 and its 200 day moving average is $168.99. The company has a market capitalization of $375.88 billion, a PE ratio of 249.46, a price-to-earnings-growth ratio of 3.02 and a beta of 1.70. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

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

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. CICC Research lifted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, November 12th. Citigroup increased their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. UBS Group upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $180.00 to $150.00 in a research note on Thursday, February 26th. Northland Securities raised shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Weiss Ratings lowered shares of Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.68.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the company's stock in a transaction on Friday, February 20th. The shares were 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 in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares of the company's stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. 9.23% of the stock is owned by corporate insiders.

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

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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