Sumitomo Mitsui Trust Group Inc. Reduces Stake in Palantir Technologies Inc. $PLTR

Key Points

• Sumitomo Mitsui Trust Group trimmed its Palantir stake by 8.7% in Q4, selling 712,258 shares and now holds 7,457,258 shares worth roughly $1.33 billion, making PLTR its 15th-largest holding (~0.8% of the firm's portfolio).
• Insider selling was heavy: Stephen A. Cohen sold 327,088 shares and Shyam Sankar 168,004 on Feb. 20 (avg price $133.72), with insiders offloading about 1,029,879 shares (~$137.7M) last quarter; insiders now own 9.23%.
• Palantir posted strong Q4 results (revenue $1.41B, +70%; EPS $0.25 beat) but trades at rich multiples (P/E ~203) and carries a consensus "Moderate Buy" with an average target of approximately $197.77, leaving upside debated amid competition and mixed analyst views.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,457,258 shares of the company's stock after selling 712,258 shares during the period. Palantir Technologies accounts for approximately 0.8% of Sumitomo Mitsui Trust Group Inc.'s investment portfolio, making the stock its 15th biggest holding. Sumitomo Mitsui Trust Group Inc. owned approximately 0.31% of Palantir Technologies worth $1,325,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Occidental Asset Management LLC increased its stake in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock valued at $358,000 after purchasing an additional 53 shares during the last quarter. Gallacher Capital Management LLC lifted its position in shares of Palantir Technologies by 2.2% during 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 during the last quarter. Bare Financial Services Inc boosted its holdings 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 valued at $28,000 after buying an additional 55 shares in the last quarter. Lionshead Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after buying an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group grew its position in shares of Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company's stock valued at $295,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the business'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 $43,738,207.36. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 168,004 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 $22,465,494.88. Following the sale, the insider owned 642,786 shares of the company's stock, valued at $85,953,343.92. This trade represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,029,879 shares of company stock worth $137,746,253 over the last quarter. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLTR shares. Truist Financial assumed coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They set a "buy" rating and a $223.00 price target on the stock. Northland Securities raised Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a report on Tuesday, February 3rd. Cantor Fitzgerald reiterated a "neutral" rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Robert W. Baird raised Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 target price for the company in a report on Tuesday, February 3rd. Finally, Zacks Research cut Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $197.77.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $128.01 on Friday. The company has a market capitalization of $306.15 billion, a P/E ratio of 203.19, a PEG ratio of 2.54 and a beta of 1.68. Palantir Technologies Inc. has a 1 year low of $85.47 and a 1 year high of $207.52. The company's fifty day moving average is $143.96 and its two-hundred day moving average is $166.37.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The business's revenue was up 70.0% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Political and defense tailwinds: President Trump publicly praised Palantir’s warfighting capabilities and the company is tied to sizable Pentagon programs (Maven expansion, Army procurement pathways) that support revenue visibility for defense customers. QuiverQuant: Trump Praises Palantir
• Positive Sentiment: Bull analyst views and high price targets: Several firms (including Wedbush) have reiterated bullish targets (Wedbush $230) and some investors call the sell‑off overdone, arguing for large upside from current levels. That support can attract dip buyers. Benzinga: Wall Street Bull Sees 70% Upside
• Positive Sentiment: Technical/bounce signals: Short-term trading signals triggered intraday support and produced a modest rebound, indicating active momentum traders are buying dips. Benzinga: Trading Signal
• Neutral Sentiment: Strong fundamentals but rich expectations: Palantir reported robust revenue growth and improving margins (background Q4 strength), which underpins long-term case — but much of that is already priced in. MarketBeat: PLTR Fundamentals
• Neutral Sentiment: Analyst divergence widens volatility: While some firms keep high targets, others highlight execution/valuation risk — that split increases intraday swings and investor disagreement over fair value. Zacks: Valuation Comparison
• Negative Sentiment: High-profile bearish catalyst — Michael Burry: Burry publicly reiterated and expanded bearish bets (long‑dated puts) and wrote that Anthropic is "eating Palantir’s lunch," which sparked a sharp, sentiment-driven sell‑off and headline volatility. CNBC: Burry Still Betting Against Palantir
• Negative Sentiment: Anthropic/AI competition fear: Launches like Anthropic’s Mythos heightened concerns that cheaper, easier-to-deploy AI models could reallocate enterprise AI spend away from Palantir’s heavier platform. That sector narrative pressured software peers too. Investopedia: Anthropic Shockwave
• Negative Sentiment: Valuation and insider selling: PLTR trades at very rich multiples vs. earnings, leaving little margin for disappointment; public disclosures show significant insider sales that some investors read as cautionary. QuiverQuant: Valuation & Insider Activity

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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