Horizon Investments LLC Trims Stake in Palantir Technologies Inc. $PLTR

Horizon Investments LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,194 shares of the company’s stock after selling 36,516 shares during the quarter. Horizon Investments LLC’s holdings in Palantir Technologies were worth $30,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acorn Creek Capital LLC increased its position in shares of Palantir Technologies by 7.4% during the fourth quarter. Acorn Creek Capital LLC now owns 1,243 shares of the company’s stock valued at $221,000 after buying an additional 86 shares during the period. Essex Bank increased its position in shares of Palantir Technologies by 14.5% during the fourth quarter. Essex Bank now owns 2,821 shares of the company’s stock valued at $501,000 after buying an additional 357 shares during the period. Robertson Stephens Wealth Management LLC increased its position in shares of Palantir Technologies by 46.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,403 shares of the company’s stock valued at $427,000 after buying an additional 760 shares during the period. Whelan Financial increased its position in shares of Palantir Technologies by 4.4% during the fourth quarter. Whelan Financial now owns 3,738 shares of the company’s stock valued at $664,000 after buying an additional 158 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Palantir Technologies by 14.0% during the fourth quarter. Fifth Third Bancorp now owns 198,145 shares of the company’s stock valued at $35,220,000 after buying an additional 24,400 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, February 10th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Tuesday, February 3rd. DA Davidson restated a “neutral” rating and issued a $180.00 price objective on shares of Palantir Technologies in a report on Thursday, April 16th. Finally, Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.17.

Palantir Technologies News Summary

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

• Positive Sentiment: Buy-side momentum from Oppenheimer, which initiated coverage with an Outperform ( $200 target) and framed Palantir as an AI-platform leader, is lifting investor sentiment. Barron’s: Palantir Stock Gets a Fresh Buy Rating
• Positive Sentiment: Large contract wins and commercial expansion are tangible growth drivers — notably a reported $300M USDA blanket purchase agreement and new industrial deals (e.g., Cleveland?Cliffs) that show sticky, multi?year AI revenue potential. Yahoo Finance: Why Palantir Is Expanding Its AI Footprint at the USDA
• Positive Sentiment: Analysts and traders have pushed the stock higher into earnings on the view that AI demand could translate into another strong quarter; several outlets note bullish analyst commentary and technical strength ahead of the report. Benzinga: Palantir Rallies Before May 4 Earnings
• Neutral Sentiment: Q1 earnings (May 4 after the close) are the near-term catalyst; options/implied?move data suggest traders expect a sizable post?earnings swing — that raises both upside and downside risk. Investopedia: Expected Post?Earnings Move
• Neutral Sentiment: Broader tech/AI market strength is supporting PLTR flows this week (MarketBeat roundup highlights AI trade momentum), but macro or sector shocks could quickly reverse momentum. MarketBeat: Week in Review
• Negative Sentiment: HSBC downgraded PLTR from Buy to Hold and cut its target to $151 (from $205), signaling some analyst caution on near?term upside given valuation — that downgrade capped some gains intraday. Benzinga: HSBC Downgrade
• Negative Sentiment: Valuation and discount?to-earnings concerns persist (high P/E, premium multiple), and prominent skeptics/shorts (e.g., Michael Burry) remain active — these keep downside risk if earnings or guidance disappoint. 247WallSt: Michael Burry Still Bearish

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 168,004 shares of the company’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 transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $144.07 on Friday. The firm’s 50 day moving average price is $145.27 and its 200-day moving average price is $162.72. The company has a market cap of $344.57 billion, a PE ratio of 228.69, a P/E/G ratio of 2.68 and a beta of 1.53. Palantir Technologies Inc. has a 52-week low of $105.32 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, analysts forecast that Palantir Technologies Inc. will post 1.05 earnings per share for the current fiscal year.

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.