Sigma Planning Corp Reduces Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Sigma Planning Corp trimmed its stake in Palantir by 12.7% in Q4, selling 15,319 shares and holding 105,534 shares worth about $18.85 million (roughly 0.5% of the firm's portfolio).
• Significant insider selling has occurred recently — insiders sold 1,029,879 shares (~$137.7 million) over the past 90 days, including large disposals by Stephen A. Cohen and Shyam Sankar, increasing downside/volatility risk.
• Market and analyst signals are mixed: Palantir won a $300M USDA contract and received several buy/upgrades (consensus "Moderate Buy", $194.42 target), but valuation concerns and the upcoming May 4 earnings (options imply ~10.5% move) make near-term volatility likely.

Sigma Planning Corp decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,534 shares of the company's stock after selling 15,319 shares during the quarter. Palantir Technologies accounts for about 0.5% of Sigma Planning Corp's investment portfolio, making the stock its 25th largest position. Sigma Planning Corp's holdings in Palantir Technologies were worth $18,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLTR. Decker Retirement Planning Inc. raised its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company's stock valued at $11,187,000 after acquiring an additional 54,347 shares during the period. Watershed Private Wealth LLC raised its stake in shares of Palantir Technologies by 75.3% in the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company's stock valued at $1,423,000 after acquiring an additional 3,350 shares during the period. GAM Holding AG raised its stake in shares of Palantir Technologies by 39.0% in the 3rd quarter. GAM Holding AG now owns 13,788 shares of the company's stock valued at $2,515,000 after acquiring an additional 3,868 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Palantir Technologies by 26.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after acquiring an additional 12,229 shares during the period. Finally, Milestone Asset Management LLC raised its stake in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after acquiring an additional 42,173 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Oppenheimer initiated coverage with an Outperform and a $200 target, citing Palantir’s ontology-driven AI platform, strong switching costs and defense/commercial tailwinds — a high-profile buy rating that likely helped lift sentiment. Palantir Stock (PLTR) Gets Fresh Buy Rating Ahead of Q1 Earnings as Oppenheimer Sets $200 Target
• Positive Sentiment: Palantir won a $300M Blanket Purchase Agreement with the USDA to modernize farm services — a meaningful government win that supports recurring revenue and validates public-sector AI demand. Why Palantir (PLTR) Is Expanding Its AI Software Footprint at the USDA
• Positive Sentiment: Analysts (e.g., Wedbush) are bullish heading into earnings, expecting another strong quarter driven by AIP demand and commercial acceleration; some firms have higher price targets (Wedbush $230), reinforcing upside narrative. Palantir Q1 expectations buoyed by commercial acceleration, government contracts
• Neutral Sentiment: Q1 earnings on May 4 is the near-term catalyst — options market is pricing in a large post-earnings swing, so expect elevated volatility around the print. Palantir (PLTR) Q1 Earnings on May 4. Options Market Braces for a 10.55% Swing
• Neutral Sentiment: Consensus and previews point to triple-digit revenue growth (Zacks/Yahoo note ~70%+ YoY), so upside to top-line or raised guidance would be the clean bull case; conversely, any softness or cautious management tone could trigger a sharp pullback. Will Top-Line Improvement Benefit Palantir in Q1 Earnings?
• Negative Sentiment: Valuation remains a key concern — RBC and others flag stretched multiples after a big run, which can cap upside if growth indicators don’t clearly justify the premium. Palantir Stock Drops Today: RBC Flags Valuation Stretch
• Negative Sentiment: High-profile shorts and insider selling persist (noted activist/short interest commentary and heavy insider sales), which can increase downside risk and volatility despite contract wins. Is Michael Burry Still Bearish on Palantir? Here’s What He Has to Say

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the company'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 completion of the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,879 shares of company stock worth $137,746,253 over the last 90 days. Company insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. DA Davidson restated a "neutral" rating and issued a $180.00 price objective on shares of Palantir Technologies in a report on Thursday, April 16th. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 25th. HSBC upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Tuesday, February 3rd. Finally, Argus upgraded shares of Palantir Technologies to a "hold" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.42.

Palantir Technologies Trading Up 0.8%

Shares of Palantir Technologies stock opened at $139.11 on Friday. The company has a fifty day simple moving average of $145.27 and a 200-day simple moving average of $162.72. Palantir Technologies Inc. has a 12-month low of $105.32 and a 12-month high of $207.52. The stock has a market cap of $332.71 billion, a price-to-earnings ratio of 220.81, a PEG ratio of 2.65 and a beta of 1.68.

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

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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