Archon Partners LLC Cuts Holdings in Palantir Technologies Inc. $PLTR

Archon Partners LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the company’s stock after selling 15,000 shares during the quarter. Palantir Technologies comprises about 2.1% of Archon Partners LLC’s investment portfolio, making the stock its 15th biggest position. Archon Partners LLC’s holdings in Palantir Technologies were worth $20,441,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp increased its holdings in Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC increased its holdings in Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after purchasing an additional 805,047 shares in the last quarter. Norges Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at $5,149,641,000. Finally, Invesco Ltd. increased its holdings in Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $130.63 on Thursday. Palantir Technologies Inc. has a one year low of $122.68 and a one year high of $207.52. The company’s 50-day simple moving average is $138.61 and its 200-day simple moving average is $153.02. The stock has a market capitalization of $313.16 billion, a price-to-earnings ratio of 146.78, a PEG ratio of 2.11 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Wolfe Research upgraded Palantir, calling its AI platform best-in-class and saying the stock is “too big to ignore,” which supports the bullish case for continued enterprise AI demand. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’
• Positive Sentiment: Another analyst note and follow-up coverage highlighted Palantir’s strong growth, improving margins, and continued leadership in AI software, reinforcing expectations that revenue momentum can remain above peers. Cognyte vs Palantir: Which AI Intelligence Stock Is the Better Buy?
• Neutral Sentiment: Multiple recent articles frame Palantir as a high-growth AI winner but also emphasize that the stock is expensive, suggesting investors remain split between growth enthusiasm and valuation discipline. Palantir: The Stock Is Expensive, But The Growth Is Not Normal
• Neutral Sentiment: Coverage also notes Palantir’s AI partnerships and customer deployments, which support the long-term narrative, but governance-related headlines from AIPCon and shareholder proposals keep some uncertainty in the background. Will New AI Partnerships And Governance Votes At AIPCon 10 Change Palantir Technologies’ Narrative
• Negative Sentiment: Michael Burry renewed criticism of Palantir, arguing Ukraine is developing its own battlefield software and replacing Palantir in some use cases, which raises questions about competitive durability in government/defense work. Michael Burry Is Using Ukraine’s Own Words Against Palantir
• Negative Sentiment: European headlines are also weighing on sentiment, including France ending work with Palantir’s intelligence agency and a Swiss legal loss tied to government-contract scrutiny and data sovereignty. French domestic spy agency ditches Palantir for local rival, PM says
• Negative Sentiment: Insider selling and valuation concerns are adding to caution, as investors worry the stock’s premium pricing leaves little room for disappointment after a strong AI-driven run. Jeffrey Buckley Sells 1,481 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 17,128 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 927,270 shares of company stock valued at $126,197,785. Corporate insiders own 9.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PLTR shares. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $205.00 to $151.00 in a report on Friday, May 1st. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, Wedbush started coverage on Palantir Technologies in a report on Tuesday. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies 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.