Convergence Investment Partners LLC Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

Convergence Investment Partners LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 89.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,751 shares of the company’s stock after selling 15,525 shares during the period. Convergence Investment Partners LLC’s holdings in Palantir Technologies were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC boosted its position in Palantir Technologies by 0.7% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 72,989 shares of the company’s stock valued at $12,974,000 after buying an additional 504 shares during the period. IMG Wealth Management Inc. boosted its position in Palantir Technologies by 12.4% during the fourth quarter. IMG Wealth Management Inc. now owns 1,555 shares of the company’s stock valued at $276,000 after buying an additional 171 shares during the period. Clarendon Private LLC boosted its position in Palantir Technologies by 9.8% during the fourth quarter. Clarendon Private LLC now owns 1,362 shares of the company’s stock valued at $242,000 after buying an additional 122 shares during the period. Wakefield Asset Management LLLP purchased a new stake in Palantir Technologies during the fourth quarter valued at about $890,000. Finally, Donoghue Forlines LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $342,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shyam Sankar sold 168,004 shares of the company’s 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 directly owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLTR shares. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Tuesday, February 3rd. The Goldman Sachs Group cut their price target on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research report on Thursday, January 22nd. DA Davidson cut their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, UBS Group upped their price target on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
• Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
• Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
• Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
• Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
• Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
• Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks

Palantir Technologies Trading Up 0.2%

Shares of NASDAQ:PLTR opened at $133.99 on Friday. The company has a market cap of $321.22 billion, a price-to-earnings ratio of 150.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.52. The company has a 50-day moving average price of $144.62 and a 200-day moving average price of $159.79. Palantir Technologies Inc. has a 12 month low of $118.93 and a 12 month high of $207.52.

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

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.