McGowan Group Asset Management Inc. Trims Stake in Palantir Technologies Inc. $PLTR

McGowan Group Asset Management Inc. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 74.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,851 shares of the company’s stock after selling 13,826 shares during the period. McGowan Group Asset Management Inc.’s holdings in Palantir Technologies were worth $885,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Occidental Asset Management LLC boosted its stake in Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after purchasing an additional 53 shares during the period. Gallacher Capital Management LLC raised its stake in 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 last quarter. Bare Financial Services Inc raised its stake in 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 last quarter. Lionshead Wealth Management LLC raised its stake in Palantir Technologies by 0.4% during the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after acquiring an additional 56 shares during the last quarter. Finally, Ellenbecker Investment Group lifted its position in Palantir Technologies by 3.6% during the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after acquiring an additional 57 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $151.60 on Thursday. The business has a 50-day moving average of $153.81 and a 200-day moving average of $168.90. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The company has a market capitalization of $362.58 billion, a price-to-earnings ratio of 240.64, a PEG ratio of 3.00 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s revenue was up 70.0% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Centrus partnership: Palantir agreed to support Centrus Energy’s multi‑billion dollar uranium‑enrichment expansion; early work reportedly identified nearly $300M of potential cost savings — a material commercial win in a strategic energy/defense sector. Centrus Partners with Palantir
• Positive Sentiment: DISA authorization: Palantir secured Defense Information Systems Agency authorization for its PFCS Forward cloud service (on‑premises and edge), easing deployment in classified/edge government environments and supporting future federal contract wins. Palantir Secures DISA Authorization
• Positive Sentiment: AIPCon 9 / customer showcases: Palantir is hosting AIPCon 9 with senior speakers from the U.S. Navy, GE Aerospace, Accenture, SAP, Centrus and others — a marketing push that highlights large‑enterprise/government adoption and cross‑sell opportunities. Palantir’s AIPCon 9
• Positive Sentiment: LG CNS deal: A deepened strategic partnership with LG CNS positions Palantir to accelerate AI deployments across the large LG conglomerate in South Korea — a meaningful international commercial channel. LG CNS and Palantir Partnership
• Positive Sentiment: Strong fundamentals: Analysts/coverage highlight Palantir’s 2026 guidance (~61% revenue growth, ~$7.19B sales) and rising margins/free cash flow — fundamentals that justify premium multiples for growth investors. Palantir Profitability Edge
• Neutral Sentiment: Polymarket sports‑integrity partnership: Palantir will build monitoring/compliance tools for prediction markets — expands TAM and showcases non‑defense use cases, though revenue impact and regulatory optics remain uncertain. Polymarket Partners With Palantir
• Neutral Sentiment: Analyst backdrop: Multiple buy ratings and a median six‑month target near $200 support longer‑term upside, but coverage is mixed and valuation is elevated — watch guidance execution. QuiverQuant Opinions
• Negative Sentiment: Geopolitical / security risks: Reports that Iran’s IRGC has flagged Palantir as a potential target have weighed on sentiment — defense exposure cuts both ways (revenue and security risk). Why Is Palantir Stock Falling?
• Negative Sentiment: Reputational/regulatory scrutiny: FT coverage on Palantir tools used in AI‑driven targeting raises ethical and regulatory questions that could spur scrutiny and policy risk for defense contracts. FT: The AI-driven ‘kill chain’
• Negative Sentiment: Insider selling: Large, high‑profile insider share sales have drawn attention and may pressure sentiment despite management statements about liquidity needs or estate planning. Insider Sell-Offs Report

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research report on Thursday, January 22nd. The Goldman Sachs Group cut their price target on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Tuesday, February 3rd. Finally, William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.68.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of the business’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 $2,672,795.36. Following the sale, the insider directly owned 219,421 shares in the company, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 17,438 shares of the business’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 $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares in the company, valued at $52,467,716.40. The trade was 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 90 days, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. Company insiders own 9.23% of the company’s stock.

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.