Sachetta LLC Reduces Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Sachetta LLC cut its Palantir stake by 73.4%, selling 3,911 shares in Q4 and retaining 1,416 shares valued at about $252,000.
• Insiders have been heavy sellers—David A. Glazer sold 17,438 shares at an average $133.72 (≈$2.33M), and insiders have sold 1,029,879 shares (≈$137.7M) over the past 90 days, leaving insiders with 9.23% ownership.
• Palantir reported an earnings beat (Q: $0.25 EPS vs $0.23 est; revenue $1.41B, +70% YoY) but trades at a high valuation (P/E ≈228.7); analysts hold a consensus Moderate Buy with a $192.17 target amid mixed ratings.

Sachetta LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 73.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,416 shares of the company's stock after selling 3,911 shares during the period. Sachetta LLC's holdings in Palantir Technologies were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Occidental Asset Management LLC grew its stake in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock worth $358,000 after buying an additional 53 shares in the last quarter. Gallacher Capital Management LLC grew its stake in shares of Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock worth $447,000 after buying an additional 53 shares in the last quarter. Bare Financial Services Inc grew its stake in shares of Palantir Technologies by 54.5% in 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 in the last quarter. AlphaQuest LLC grew its stake in shares of Palantir Technologies by 15.8% in the 3rd quarter. AlphaQuest LLC now owns 425 shares of the company's stock worth $78,000 after buying an additional 58 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its stake in shares of Palantir Technologies by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company's stock worth $527,000 after buying an additional 59 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the sale, the insider owned 43,108 shares of the company's stock, valued at $5,564,380.64. The trade was a 2.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,029,879 shares of company stock worth $137,746,253 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $144.07 on Friday. Palantir Technologies Inc. has a 1-year low of $105.32 and a 1-year high of $207.52. The company has a 50-day moving average of $145.27 and a 200 day moving average of $162.62. The firm has a market capitalization of $344.57 billion, a price-to-earnings ratio of 228.69, a PEG ratio of 2.77 and a beta of 1.53.

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 for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.14 EPS. The firm's revenue for the quarter was up 70.0% on a year-over-year basis. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. UBS Group lifted 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. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday, April 14th. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price objective for the company. Weiss Ratings cut shares of Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, April 27th. Finally, DA Davidson reissued a "neutral" rating and issued a $180.00 price objective on shares of Palantir Technologies in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.17.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron's: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland‑Cliffs) that show sticky, multi‑year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied‑move data suggest traders expect a sizable post‑earnings swing — that raises both upside and downside risk. Investopedia: Expected Post‑Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near‑term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount‑to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

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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