SeaCrest Wealth Management LLC Sells 28,392 Shares of Palantir Technologies Inc. $PLTR

SeaCrest Wealth Management LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 49.7% during the 3rd quarter, Holdings Channel reports. The firm owned 28,758 shares of the company’s stock after selling 28,392 shares during the period. Palantir Technologies comprises about 0.6% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. SeaCrest Wealth Management LLC’s holdings in Palantir Technologies were worth $5,279,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PLTR. Norges Bank bought a new position in shares of Palantir Technologies in the second quarter valued at $3,307,457,000. Vanguard Group Inc. lifted its stake in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. State Street Corp grew its position in shares of Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the period. Invesco Ltd. grew its position in shares of Palantir Technologies by 16.0% in the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock valued at $2,806,182,000 after acquiring an additional 2,838,300 shares during the period. Finally, Clear Street LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $295,508,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 168,004 shares of Palantir Technologies 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 sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,045,279 shares of company stock worth $140,539,043 in the last 90 days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

PLTR traded down $1.46 on Friday, reaching $152.04. The company had a trading volume of 8,536,051 shares, compared to its average volume of 51,229,512. The stock has a market cap of $363.63 billion, a P/E ratio of 241.25, a P/E/G ratio of 3.00 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 company’s fifty day moving average is $153.32 and its 200 day moving average is $168.80.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: CEO Alex Karp said Palantir’s AI gives the West a strategic edge in the Middle East and described the company’s role in modern warfare — comments that, coupled with management’s revenue commentary, helped spark a rally. Palantir (PLTR) Stock Surges 12% After CEO Details Middle East AI Operations
• Positive Sentiment: Palantir unveiled a sovereign‑AI OS reference architecture with NVIDIA (full‑stack, gov‑grade AI deployments), a strategic product partnership that many analysts view as a major commercial catalyst. Palantir, Nvidia to provide sovereign AI operating system architecture
• Positive Sentiment: Multiple commercial and defense partnerships (GE Aerospace expansion, Centrus energy tie‑up, LG CNS, Ondas/World View) broaden Palantir’s addressable market and provide near‑term revenue levers. GE Aerospace Deepens Palantir AI Use In Defense And Factory Operations
• Positive Sentiment: Recent company outlooks and authorizations (DISA PFCS Forward) plus analysts raising estimates and a Truist $223 target support the bullish case for accelerating revenue and margins. Palantir (PLTR) Secures DISA Authorization for PFCS Forward Cloud Service
• Neutral Sentiment: Longer-form investor takes debate valuation: some outlets argue PLTR may still be a bargain given growth; others warn the stock is richly valued and must execute nearly perfectly. Palantir Stock Isn’t Cheap, But It Might Still Be a Bargain
• Neutral Sentiment: Analyst and sector comparisons (e.g., Micron) highlight different risk/reward profiles; investors are weighing semiconductor exposure versus Palantir’s software margins. The Zacks Analyst Blog Micron and Palantir
• Negative Sentiment: Reputational and regulatory risk: reporting on Palantir’s role in a wartime “kill chain” and public scrutiny over military uses of its tools raise political and legal risk for defense contracts. The AI-driven ‘kill chain’ transforming how the US wages war
• Negative Sentiment: Pentagon/partner tensions: the DoD’s blacklist of Anthropic and questions about Palantir’s continued use of Anthropic’s Claude create potential customer/supply‑chain friction and contract risk. Palantir is still using Anthropic’s Claude as Pentagon blacklist plays out, CEO Karp says
• Negative Sentiment: Prominent short/bear voices: investor Michael Burry publicly criticizes Palantir’s AI claims and valuation, which could amplify downside if negative headlines persist. Michael Burry Says Palantir Has ‘No Real AI Software’ Of Its Own
• Negative Sentiment: Security threats and geopolitical targeting: reports that Iran’s IRGC has flagged Palantir as a potential target add geopolitical risk that can pressure the stock despite commercial wins. Why Is Palantir Stock Falling Thursday?

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTR. Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a report on Thursday, January 22nd. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. UBS Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and cut their price objective for the company from $180.00 to $150.00 in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their target price on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.68.

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.