Strs Ohio Sells 19,935 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Strs Ohio trimmed its Palantir (PLTR) stake by 3.9%, selling 19,935 shares and leaving it with 494,995 shares valued at about $87.99 million.
• Significant insider selling occurred this quarter — including CEO Alexander Karp selling 493,025 shares — with insiders offloading 1,029,879 shares worth ~$137.7 million; insiders now own 9.23% of the stock.
• PLTR is trading around $144 (market cap ~$344.6B) with a high P/E (~229) and a consensus analyst rating of "Moderate Buy" (average target $192.17); upcoming Q1 earnings on May 4 are the near‑term catalyst amid elevated post‑earnings move expectations.

Strs Ohio trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 494,995 shares of the company's stock after selling 19,935 shares during the period. Strs Ohio's holdings in Palantir Technologies were worth $87,985,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PLTR. Bare Financial Services Inc grew its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares during the last quarter. Financial Consulate Inc. acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $30,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $32,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $32,000. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,232 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares in the company, valued at $5,564,380.64. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 493,025 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,029,879 shares of company stock valued at $137,746,253 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 3.6%

PLTR stock opened at $144.07 on Friday. The company has a market cap of $344.57 billion, a P/E ratio of 228.69, a PEG ratio of 2.68 and a beta of 1.53. Palantir Technologies Inc. has a twelve month low of $105.32 and a twelve month high of $207.52. The business has a fifty day moving average of $145.27 and a 200-day moving average of $162.72.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm's quarterly revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Mizuho decreased their price objective on Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. Piper Sandler reissued an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price objective on Palantir Technologies in a report on Thursday, January 22nd. Daiwa Securities Group raised Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research note on Tuesday, February 10th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $192.17.

Key Stories Impacting 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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