Harbour Investments Inc. Sells 8,527 Shares of Palantir Technologies Inc. $PLTR

Harbour Investments Inc. reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,977 shares of the company’s stock after selling 8,527 shares during the quarter. Harbour Investments Inc.’s holdings in Palantir Technologies were worth $10,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. State Street Corp lifted its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Invesco Ltd. lifted its position in shares of Palantir Technologies by 5.9% during the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after buying an additional 1,213,529 shares during the last quarter. Northern Trust Corp lifted its position in shares of Palantir Technologies by 3.8% during the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock worth $3,846,957,000 after buying an additional 769,238 shares during the last quarter. Finally, Amundi lifted its position in shares of Palantir Technologies by 38.7% during the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after buying an additional 4,373,201 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Several recent articles highlight Palantir’s rapid revenue growth, recurring customer revenue, and strong AI-driven business momentum, with some analysts and commentators saying the stock still has meaningful upside. Is the Palantir Valuation Debate Over? Why Some Analysts See 86% Upside in the Agentic AI Era.
• Positive Sentiment: Palantir and Dell unveiled a secure AI operating system aimed at defense, healthcare, and regulated enterprise customers, reinforcing the company’s addressable market in high-value sectors. Palantir and Dell Build an AI OS for the Paranoid
• Positive Sentiment: Wall Street coverage remains constructive overall, with firms like Rosenblatt, Citigroup, and Wedbush publishing high price targets that imply substantial upside from current levels. Palantir (PLTR) Ranks Among Best Revenue Growth Stocks to Buy
• Neutral Sentiment: Cantor Fitzgerald reiterated a Neutral rating and a $138 price target, signaling that some analysts still see limited near-term upside despite Palantir’s strong growth profile. Palantir (PLTR) Ranks Among Best Revenue Growth Stocks to Buy
• Neutral Sentiment: Articles debating Palantir’s valuation and comparing it with AI competition suggest investors are still weighing whether the stock’s premium multiple is justified. Anthropic Demolished Legacy SaaS Stocks. Now It’s Coming for Palantir.
• Negative Sentiment: Multiple reports of insider sales, including CEO Alex Karp and other top executives, are likely weighing on sentiment and may fuel concerns that management is taking profits after the stock’s big run. Palantir (PLTR) CEO Alex Karp Continues to Sell Company Stock
• Negative Sentiment: Fresh insider-trading filings show additional executive selling, adding to the overhang from more than $120 million in coordinated RSU tax sales. Palantir (PLTR) Stock: Top Execs Unload $120M+ in Coordinated RSU Tax Sale
• Negative Sentiment: Some market commentary also points to Palantir’s rich valuation and competition from newer AI platforms as risks to future upside. Palantir Is 1 of the Fastest-Growing AI Companies, but Does That Make It a Buy?

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Phillip Securities upped their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. UBS Group upped their target price on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, Northland Securities raised Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $136.88 on Tuesday. The stock has a market cap of $328.14 billion, a price-to-earnings ratio of 153.80, a PEG ratio of 2.17 and a beta of 1.52. The stock has a 50-day moving average of $142.55 and a 200-day moving average of $157.03. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52.

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

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the sale, the insider owned 61,707 shares in the company, valued at approximately $8,479,158.87. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 922,524 shares of company stock worth $125,501,302 over the last quarter. 9.53% of the stock is owned by company insiders.

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.