Palantir Technologies (NASDAQ:PLTR) Shares Unloaded Rep. Thomas R. Suozzi

Representative Thomas R. Suozzi (Democratic-New York) recently sold shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on March 17th, the Representative disclosed that they had sold between $15,001 and $50,000 in Palantir Technologies stock on February 18th. The trade occurred in the Representative’s “THOMAS SUOZZI IRA FBO THOMAS SUOZZI” account.

Representative Thomas R. Suozzi also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/18/2026.
• Sold $15,001 – $50,000 in shares of United Rentals (NYSE:URI) on 2/18/2026.

Palantir Technologies Price Performance

PLTR stock opened at $154.78 on Wednesday. The firm has a market capitalization of $370.18 billion, a P/E ratio of 245.69, a P/E/G ratio of 3.19 and a beta of 1.70. The business’s 50-day moving average is $149.68 and its two-hundred day moving average is $168.82. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.14 EPS. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was 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 directly 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 sale 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 firm’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 transaction, the insider owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,045,279 shares of company stock valued at $140,539,043. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Tuesday, February 3rd. Rosenblatt Securities initiated coverage on shares of Palantir Technologies in a report on Friday, February 27th. They issued a “buy” rating and a $150.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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: U.S. Department of Defense designated Palantir’s Maven AI platform as a program-of-record — this institutionalizes Maven across branches, supporting recurring, budgeted defense spending and stronger revenue visibility for years. Palantir Secures Pentagon Maven Role As Valuation And Growth Debated
• Positive Sentiment: Reports say Palantir is teaming with Anduril to develop software for the Trump administration’s $185B “Golden Dome” anti‑missile shield — a headline defense program that, if contracted, represents a meaningful long-term addressable market and high-profile validation. Anduril, Palantir developing Golden Dome missile shield’s software, source says
• Positive Sentiment: Palantir won a short-term trial with Britain’s Financial Conduct Authority to apply Foundry to fraud and enforcement datasets — another government/regulated-industry validation that supports credibility and expansion in non-defense public-sector deals. Britain’s FCA defends Palantir contract award before lawmakers
• Neutral Sentiment: Wall Street remains broadly constructive: brokerages have an average “Moderate Buy” stance and multiple analysts have raised targets (median ~$202.5), which supports upside expectations but also reflects already elevated premiums in the stock. Palantir Technologies Inc. (NASDAQ:PLTR) Receives Average Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Commercial partnerships (e.g., AI mortgage platform pilot with Moder/Freedom Mortgage and work with Centrus Energy) show enterprise expansion beyond defense; these support longer-term revenue diversification but are early-stage pilots rather than instant EPS drivers. Palantir Announces AI Mortgage Platform Partnership
• Negative Sentiment: Sector rotation and AI/tech valuation scrutiny are tangible near-term headwinds — the stock fell earlier in the week despite contract wins as investors punished expensive names amid a broader software selloff and debate over stretched multiples (Palantir trades at a very high P/E). Palantir (PLTR) Stock Drops 5% Even With Major Pentagon and UK Contract Wins
• Negative Sentiment: Political and reputational risk is non‑trivial — public scrutiny and campaign‑trail controversies tied to the company can create episodic regulatory or PR noise that pressures sentiment. Palantir turns poisonous on the campaign trail

Institutional Trading of Palantir Technologies

Several institutional investors have recently modified their holdings of PLTR. J. Derek Lewis & Associates Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $2,165,000. Up Capital Management Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth $10,269,000. Purpose Unlimited Inc. purchased a new stake in Palantir Technologies in the fourth quarter valued at $20,089,000. Cornerstone Planning LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $5,651,000. Finally, AMG Asset Management Group Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at $249,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

About Representative Suozzi

Thomas Richard Suozzi (born August 31, 1962) is an American politician, attorney, and accountant serving as the U.S. representative for New York’s 3rd congressional district since 2024 and previously from 2017 to 2023. A member of the Democratic Party, he was the county executive of Nassau County on Long Island from 2002 to 2009, when he was unseated by Republican Ed Mangano. Before that, Suozzi served eight years as the mayor of Glen Cove in Nassau County.

In 2006, he ran unsuccessfully against Eliot Spitzer for the Democratic nomination for governor of New York. Suozzi was elected to the U.S. House of Representatives in 2016 and reelected in 2018 and 2020. He retired from Congress to run again for the Democratic gubernatorial nomination in 2022, losing to incumbent governor Kathy Hochul.

In October 2023, Suozzi announced that he would run for his old congressional seat in 2024.After Congress expelled George Santos that December, a special election to fill the remainder of the term was scheduled for February 13, 2024. Suozzi was selected as the Democratic nominee, and then won the special election, reclaiming the seat for Democrats.

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.