Balboa Wealth Partners Has $7.88 Million Stake in Palantir Technologies Inc. $PLTR

Balboa Wealth Partners lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,212 shares of the company’s stock after selling 5,282 shares during the period. Palantir Technologies accounts for 1.4% of Balboa Wealth Partners’ holdings, making the stock its 15th biggest position. Balboa Wealth Partners’ holdings in Palantir Technologies were worth $7,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Occidental Asset Management LLC grew its holdings in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after buying an additional 53 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares during the last quarter. Lionshead Wealth Management LLC boosted its position in Palantir Technologies by 0.4% in the third 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. Ellenbecker Investment Group grew its stake in shares of Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares during the last quarter. Finally, Traveka Wealth LLC increased its holdings in shares of Palantir Technologies by 1.6% during the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock worth $674,000 after buying an additional 57 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Strong fundamentals: Q4 results and guidance showed very strong growth (revenue up ~70% year-over-year) and expanding margins, reinforcing Palantir’s enterprise‑AI commercial momentum — a primary reason bulls say the long‑term case remains intact. Palantir Is Down 27%, But the Long-Term Math Still Favors Bulls
• Positive Sentiment: Defense/government catalyzer: DISA extended IL5/IL6 authorization to Palantir’s on‑premises and edge PFCS deployments, widening addressable opportunities for classified and edge AI workloads. Palantir Receives DISA Authorization for PFCS Forward
• Positive Sentiment: Commercial contract renewal: Palantir signed a multi‑year renewal with Airbus for Skywise, underscoring sticky enterprise relationships outside government. Palantir Signs a Multi-Year Contract Renewal With Airbus
• Neutral Sentiment: Analyst stance mixed: Some firms upgraded/affirmed PLTR on AI/contract momentum while others warn about valuation — consensus targets remain well above current levels, creating both upside and re‑rating risk. Mizuho Cautious on Valuation but Backs Palantir Growth Outlook
• Negative Sentiment: Sharp valuation‑led selloff: Heavy recent declines (reports of 25–27% pullbacks YTD) reflect retail weakness and rotation away from richly priced AI names; headlines frame PLTR as overvalued despite revenue gains. Palantir Drops 25% Despite 70% Revenue Growth
• Negative Sentiment: Bear pressure and options activity: Prominent bearish commentary (notably Michael Burry) and a large uptick in put‑option volume have amplified downside volatility and investor caution. Michael Burry’s Bearish Call on Palantir
• Negative Sentiment: Retail/social sentiment turned bearish and insider selling noted in public filings — these behavioral signals can deepen short‑term pressure even when fundamentals look strong. Quiver Quantitative Summary

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial started coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective on the stock. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, February 3rd. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, CICC Research upped their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $191.05.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $131.36 on Friday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The company has a 50 day simple moving average of $169.93 and a two-hundred day simple moving average of $172.41. The company has a market capitalization of $313.09 billion, a PE ratio of 208.51, a P/E/G ratio of 2.48 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 70.0% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. This trade represents a 2.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider directly owned 47,044 shares in the company, valued at $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,023,844 shares of company stock valued at $167,455,085. 9.23% of the stock is owned by corporate insiders.

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.