Palantir Technologies Inc. $PLTR Shares Sold by Pinnacle Associates Ltd.

Posted by Scott Moore on Mar 10th, 2026

Pinnacle Associates Ltd. lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 9.3% in the third quarter, Holdings Channel reports. The fund owned 37,033 shares of the company’s stock after selling 3,797 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Palantir Technologies were worth $6,756,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PLTR. Bare Financial Services Inc boosted its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. Financial Consulate Inc. purchased a new stake in Palantir Technologies during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies in the 3rd quarter worth $31,000. Flagship Wealth Advisors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at about $32,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Palantir Technologies during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.5%

Shares of Palantir Technologies stock opened at $156.43 on Tuesday. The firm has a market cap of $374.13 billion, a P/E ratio of 248.31, a P/E/G ratio of 3.12 and a beta of 1.70. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The business has a 50-day moving average price of $154.93 and a 200 day moving average price of $169.08.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies News Roundup

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

Positive Sentiment: Geopolitical tensions (U.S.–Iran) and rising defense demand are being cited as a near‑term catalyst for more Palantir contracts and a surge in investor interest. This narrative helps explain recent share strength as investors reprice defense/AI exposure. Why Palantir Is Soaring While Big Tech Tanks
Positive Sentiment: Industry coverage and market commentary point to accelerating adoption of Palantir’s AIP, expanding U.S. commercial sales, and improving margins — factors analysts cite in bullish forecasts for 2026 upside. Palantir Stock Forecast: Is PLTR Heading to $260 or Dropping Further From Here?
Positive Sentiment: Multiple analyst writeups and buy‑side notes (including a Rosenblatt initiation) are highlighting Palantir’s role as an LLM/AI backbone for government and commercial customers — supporting bullish views that the company can capture displaced LLM workloads. Why Analysts Are Bullish on Palantir Technologies Inc. (PLTR)
Neutral Sentiment: Insider/owner activity: Century Legend sold a small block of Palantir shares to boost liquidity and realize gains — a minor share sale that is unlikely to materially change ownership or outlook. Century Legend Sells Palantir Stake to Boost Liquidity and Realize Investment Gains
Negative Sentiment: Valuation concerns are widespread: some commentators argue Palantir’s strong growth is priced for perfection and the stock could give back gains if growth expectations slip. That narrative limits upside for investors focused on valuation discipline. Prediction: This Is How Much Further Palantir Stock Could Fall in 2026
Negative Sentiment: Broader software/AI sector weakness (the so‑called “SaaSpocalypse”) and some Wall Street calls to trim richly valued AI names create downside risk; short‑term volatility could persist even if fundamentals remain solid. 2 Artificial Intelligence (AI) Stocks to Sell Before They Fall 40% and 55%, According to Wall Street Analysts

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the stock in a transaction on 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 sale, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. The trade was a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,054,279 shares of company stock worth $142,212,233. 12.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Piper Sandler restated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. DA Davidson cut their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Rosenblatt Securities assumed coverage on Palantir Technologies in a research note on Friday, February 27th. They set a “buy” rating and a $150.00 target price for the company. Finally, Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.68.

Check Out Our Latest Stock Analysis on Palantir Technologies

About Palantir Technologies

(Free Report)

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.