Picton Mahoney Asset Management Sells 22,885 Shares of Palantir Technologies Inc. $PLTR

Picton Mahoney Asset Management reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 43.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,013 shares of the company’s stock after selling 22,885 shares during the quarter. Picton Mahoney Asset Management’s holdings in Palantir Technologies were worth $5,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Occidental Asset Management LLC increased its holdings in Palantir Technologies by 2.8% during the third 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 during the last quarter. Gallacher Capital Management LLC grew 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 valued at $447,000 after acquiring an additional 53 shares during the period. Bare Financial Services Inc grew its position in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Lionshead Wealth Management LLC increased its stake 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 worth $2,395,000 after purchasing an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group raised its holdings in Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 4.1%

Shares of PLTR opened at $153.19 on Thursday. The business’s 50 day moving average is $156.94 and its 200 day moving average is $169.14. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company has a market capitalization of $366.38 billion, a PE ratio of 243.16, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

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 analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Phillip Securities began coverage on shares of Palantir Technologies in a research note on Thursday, January 22nd. They set a “buy” rating and a $208.00 target price on the stock. Finally, Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.68.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This represents a 20.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,054,279 shares of company stock valued at $142,212,233 in the last ninety days. Corporate insiders own 9.23% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Geopolitical spike driving defense demand — investors are buying PLTR as U.S.-Iran tensions boost expectations for government spending on battlefield and intelligence AI, a major near‑term catalyst for Palantir. Reuters: Palantir faces challenge to remove Anthropic
• Positive Sentiment: Analyst upgrades and bullish price targets — several firms have raised targets and ratings (Rosenblatt, UBS, Citi and others), citing defense tailwinds and PLTR’s AI positioning; those upgrades are drawing fresh buyer interest. Benzinga: Analyst praises Palantir’s growth prospects
• Positive Sentiment: Strong reported fundamentals — Palantir’s latest quarter showed ~70% YoY revenue growth and improved profitability, supporting the narrative that Foundry/Gotham are scaling in both government and commercial markets. Fool: Why Palantir stock is surging
• Positive Sentiment: Enterprise AI traction — Foundry and Gotham are cited as drivers of rapid commercial revenue growth, which reduces sole reliance on government contracts and lifts investor conviction. Yahoo: PLTR’s Foundry and Gotham accelerate enterprise AI expansion
• Neutral Sentiment: Valuation debates vs. other AI names — coverage compares PLTR to NVIDIA and other AI leaders; some argue PLTR’s premium valuation is justified by defense exposure, others see a gap that raises long‑term allocation questions. Zacks: Palantir vs. NVIDIA valuation
• Neutral Sentiment: Technical/sector momentum — Palantir is benefitting from a defense-stock rally and improved technical ratings, which can amplify moves but also reverse if broader risk sentiment shifts. Investor’s Business Daily: Technical ratings improve
• Negative Sentiment: Anthropic dependency and contract unwind risk — reporting indicates Palantir’s Maven Smart Systems used Anthropic code; removing or replacing that dependency for Pentagon customers could create integration, timing and cost risks. Reuters: Palantir faces challenge to remove Anthropic
• Negative Sentiment: Significant insider selling — high-profile sales (including filings for large Thiel/other insider sales) and broader insider activity raise governance and supply concerns that can cap rallies. Benzinga: Peter Thiel sells PLTR stock
• Negative Sentiment: Stretched multiples — PLTR trades with a high P/E reflecting growth expectations; if revenue/guidance disappoints or defense tailwinds fade, multiple compression is a meaningful downside risk. Zacks: Can PLTR rebound?

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.