Salem Investment Counselors Inc. Has $113.45 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Salem Investment Counselors reduced its Palantir stake by 10.8%, selling 77,619 shares and holding 638,251 shares valued at about $113.45 million, making PLTR the firm's 6th largest holding at 3.2% of its portfolio.
• Wall Street sentiment is broadly positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $196.32, supported by strong fundamentals — quarterly revenue rose ~70% year‑over‑year and U.S. commercial revenue surged ~137%.
• At the same time, insider activity has been heavy: insiders sold about 1,045,279 shares worth roughly $140.5 million in the past 90 days, leaving insiders owning 9.23% of the stock.

Salem Investment Counselors Inc. cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 638,251 shares of the company's stock after selling 77,619 shares during the quarter. Palantir Technologies accounts for 3.2% of Salem Investment Counselors Inc.'s investment portfolio, making the stock its 6th largest holding. Salem Investment Counselors Inc.'s holdings in Palantir Technologies were worth $113,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. RVW Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $516,000. First Heartland Consultants Inc. lifted its position in shares of Palantir Technologies by 11.5% during the 4th quarter. First Heartland Consultants Inc. now owns 3,182 shares of the company's stock valued at $566,000 after acquiring an additional 328 shares during the period. Congress Asset Management Co. boosted its stake in Palantir Technologies by 1.3% during the fourth quarter. Congress Asset Management Co. now owns 362,193 shares of the company's stock worth $64,380,000 after acquiring an additional 4,514 shares in the last quarter. Westwind Capital acquired a new stake in Palantir Technologies in the fourth quarter worth $9,487,000. Finally, BDF Gestion grew its holdings in Palantir Technologies by 8.4% in the fourth quarter. BDF Gestion now owns 48,378 shares of the company's stock worth $8,599,000 after purchasing an additional 3,749 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Phillip Securities began coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They set a "buy" rating and a $208.00 price objective on the stock. Truist Financial began coverage on Palantir Technologies in a research note on Tuesday, January 6th. They issued a "buy" rating and a $223.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Argus raised Palantir Technologies to a "hold" rating in a research note on Monday, February 9th. Finally, UBS Group raised their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.32.

Palantir Technologies News Roundup

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

• Positive Sentiment: US Department of Defense formally designated Palantir’s Maven Smart System as a program of record, turning a pilot into a budget-backed, long-term military capability — a credible, recurring revenue catalyst for government AI spending. Palantir’s Maven AI system designated Pentagon program of record: report
• Positive Sentiment: The UK Financial Conduct Authority awarded a short-term trial to apply Palantir’s Foundry to sensitive fraud and enforcement datasets — an endorsement that supports expansion into regulated commercial customers outside the U.S. Palantir rises 5.7% as new UK regulator AI trial reinforces government-demand narrative
• Positive Sentiment: Recent results and commentary show strong growth: revenue accelerated ~70% year/year and U.S. commercial revenue surged ~137% — fundamentals that justify investor enthusiasm for PLTR’s AI/take-rate story. Palantir Stock Is Up About 23% in 1 Month. Time to Buy?
• Positive Sentiment: Wall Street bullishness and raised price targets (e.g., Wedbush) have supported momentum and upgraded technical outlooks. Palantir stock surges over 5% today: Why Wedbush analyst Dan Ives predicts PLTR stock could hit $230 this year
• Neutral Sentiment: Macro market moves (risk-on after a pause in Middle East escalation) have lifted tech names broadly, providing a tailwind to PLTR alongside sector rotation into AI and defense. US Equity Markets Rise as Crude Oil Slumps After Trump Delays Iran Strike Plans
• Neutral Sentiment: Technical/valuation debate: some commentators highlight momentum and improved technicals around the 200-day average, while others warn the stock still carries a premium relative to fundamentals. Can Palantir Break Through Its 200-Day Moving Average on New Maven Win?
• Negative Sentiment: Political and campaign risk: reporting suggests ties to Palantir (and its backers) are becoming politically sensitive for some candidates, which could complicate U.S. federal and state-level engagements or public perception. Palantir turns poisonous on the campaign trail
• Negative Sentiment: CEO comments and optics: Alex Karp’s public comments about AI and voter blocs, and media coverage of his luxury property purchases, create reputational noise that can amplify regulatory or customer concerns. AI’s disruption is a choice, not a forecast Palantir CEO Alex Karp bought a $46 million Miami mansion just before buying $120 million Colorado monastery
• Negative Sentiment: Insider selling and valuation risks: heavy insider sales and a high PE/price multiple leave the stock exposed if growth slows or government contract timelines slip. Palantir rises 5.7% as new UK regulator AI trial reinforces government-demand narrative

Palantir Technologies Stock Up 6.8%

Shares of NASDAQ:PLTR opened at $160.88 on Tuesday. The business's 50 day moving average is $150.16 and its 200 day moving average is $168.81. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The stock has a market cap of $384.78 billion, a price-to-earnings ratio of 255.37, a PEG ratio of 2.99 and a beta of 1.70.

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

Insiders Place Their Bets

In other news, insider David A. Glazer sold 17,438 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 $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares of the company's stock, valued at $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the sale, the insider owned 642,786 shares in the company, valued at $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,045,279 shares of company stock worth $140,539,043 in the last ninety days. 9.23% of the stock is owned by corporate insiders.

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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