Fagan Associates Inc. Sells 31,655 Shares of Palantir Technologies Inc. $PLTR

Fagan Associates Inc. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 161,436 shares of the company’s stock after selling 31,655 shares during the period. Palantir Technologies accounts for 4.1% of Fagan Associates Inc.’s portfolio, making the stock its 4th biggest position. Fagan Associates Inc.’s holdings in Palantir Technologies were worth $29,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bare Financial Services Inc raised its holdings in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $29,000. Zeit Capital LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at $30,000. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies during the third quarter worth $30,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, insider Ryan D. Taylor sold 19,988 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the transaction, the insider owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. This trade represents a 8.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the firm’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 $22,465,494.88. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,045,279 shares of company stock valued at $140,539,043. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 1.7%

Shares of PLTR opened at $150.95 on Monday. The business’s fifty day moving average is $152.99 and its 200 day moving average is $168.89. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The stock has a market cap of $361.02 billion, a P/E ratio of 239.61, a P/E/G ratio of 2.99 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.14 EPS. Palantir Technologies’s quarterly revenue was up 70.0% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

More Palantir Technologies News

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

• Positive Sentiment: Nvidia partnership: Palantir and Nvidia unveiled a sovereign AI operating‑system reference architecture, positioning Palantir to sell turnkey, government‑grade AI deployments — a clear revenue catalyst and reason analysts raised estimates. Read More.
• Positive Sentiment: Defense & industrial contract wins: GE Aerospace expanded its multi‑year deployment of Palantir AI across sustainment and production; Centrus and LG CNS also announced major partnerships — these customer wins underpin recurring commercial revenue. Read More.
• Positive Sentiment: New strategic alliances broaden addressable market: Palantir partnered with Ondas and World View for multi‑domain intelligence and highlighted customer case studies at AIPCon — supports expansion into aerospace, drones and energy. Read More.
• Positive Sentiment: Financial/operational beat and bullish analyst signal: Coverage notes a recent quarter with revenue beats and big commercial growth; Truist reiterated a Buy with a $223 target — both lend near‑term support. Read More.
• Neutral Sentiment: Wall‑street and media attention: PLTR is getting heavy analyst and retail focus (Zacks, Schwab/YouTube segments) that can amplify moves in either direction depending on flows. Read More.
• Neutral Sentiment: Analyst comparisons: Some outlets compare Palantir vs. other AI/semiconductor plays (Micron, Nvidia) — useful for framing relative valuation but not an immediate stock mover. Read More.
• Negative Sentiment: Valuation concerns after run: Coverage notes PLTR pulled back from record highs and faces steep multiples — that critique is pressuring sentiment and prompting profit‑taking. Read More.
• Negative Sentiment: Profit‑taking / short‑term selling: Analysts and trading outlets attribute today’s decline to profit‑taking after the rally, amplifying volatility. Read More.
• Negative Sentiment: Governance/tech‑credibility attacks: Michael Burry and others publicly question Palantir’s AI IP and military claims, a reputational headwind that can depress multiple and invite activist pressure. Read More.
• Negative Sentiment: Operational/geopolitical risk: Palantir’s tools are tied to Middle East operations; use of Anthropic’s Claude despite a Pentagon blacklist and IRGC threats raise policy and counterparty risk for defense contracts. Read More.
• Negative Sentiment: Media scrutiny on wartime use of Palantir systems could spur regulatory, contract or reputational fallout if incidents escalate. Read More.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. UBS Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $180.00 to $150.00 in a report on Thursday, February 26th. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research note on Wednesday, February 18th. Finally, Citigroup upped their target price on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.68.

Palantir Technologies 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.