Palantir Technologies (NASDAQ:PLTR) Stock Unloaded Rep. Thomas R. Suozzi

Representative Thomas R. Suozzi (Democratic-New York) recently sold shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on March 17th, the Representative disclosed that they had sold between $15,001 and $50,000 in Palantir Technologies stock on February 18th. The trade occurred in the Representative’s “THOMAS SUOZZI IRA FBO THOMAS SUOZZI” account.

Representative Thomas R. Suozzi also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/18/2026.
• Sold $15,001 – $50,000 in shares of United Rentals (NYSE:URI) on 2/18/2026.

Palantir Technologies Price Performance

Shares of PLTR traded up $1.30 during mid-day trading on Wednesday, hitting $156.08. The stock had a trading volume of 27,273,486 shares, compared to its average volume of 50,434,691. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The business has a fifty day moving average price of $149.68 and a 200-day moving average price of $168.82. The firm has a market cap of $373.29 billion, a P/E ratio of 247.82, a PEG ratio of 3.19 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. DA Davidson cut their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Mizuho upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, February 18th. The Goldman Sachs Group cut their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Tuesday, February 3rd. Finally, Loop Capital lowered their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.59.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction on 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 sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the transaction, the insider owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This trade represents a 8.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,045,279 shares of company stock worth $140,539,043. Company insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC raised its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in Palantir Technologies by 81.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 19,518 shares of the company’s stock worth $2,661,000 after buying an additional 8,732 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: DoD adopts Palantir’s Maven as a formal program of record — embeds Maven into long‑term defense budgets, improving visibility for recurring government revenue and contract scale. Palantir Secures Pentagon Maven Role
• Positive Sentiment: Palantir named to the $185B “Golden Dome” antimissile program alongside Anduril — a large potential defense program that, if it scales, could generate multi‑year software and systems work. Anduril, Palantir developing Golden Dome missile shield’s software
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a buy with a $200 price target and other bullish notes cite the Golden Dome/Maven wins — institutional and sell‑side confidence is lifting sentiment. Benzinga Rosenblatt Note
• Positive Sentiment: Commercial and sector diversification: Palantir announced partnerships (AI mortgage platform pilot with Freedom Mortgage; work with Centrus Energy) that diversify revenue beyond defense. AI Mortgage Platform Partnership
• Neutral Sentiment: Analysts and commentators debate whether these wins fully justify Palantir’s premium valuation — some see durable structural upside, others urge caution; coverage includes balanced takeaways on growth vs. price. Palantir: Defending Its High-Growth Premium
• Negative Sentiment: Valuation and sector risk remains acute — several pieces flag high P/E, the risk of a tech‑sector pullback, and specific weaknesses investors should weigh before buying. Macro/tech selling has driven prior volatility despite contract news. 3 Weaknesses to Weigh Before You Buy Palantir
• Negative Sentiment: Political and reputation risk: press coverage ties Palantir to political campaigns and controversial CEO comments; these narratives can raise regulatory or contracting scrutiny in certain markets. Palantir turns poisonous on the campaign trail

About Representative Suozzi

Thomas Richard Suozzi (born August 31, 1962) is an American politician, attorney, and accountant serving as the U.S. representative for New York’s 3rd congressional district since 2024 and previously from 2017 to 2023. A member of the Democratic Party, he was the county executive of Nassau County on Long Island from 2002 to 2009, when he was unseated by Republican Ed Mangano. Before that, Suozzi served eight years as the mayor of Glen Cove in Nassau County.

In 2006, he ran unsuccessfully against Eliot Spitzer for the Democratic nomination for governor of New York. Suozzi was elected to the U.S. House of Representatives in 2016 and reelected in 2018 and 2020. He retired from Congress to run again for the Democratic gubernatorial nomination in 2022, losing to incumbent governor Kathy Hochul.

In October 2023, Suozzi announced that he would run for his old congressional seat in 2024.After Congress expelled George Santos that December, a special election to fill the remainder of the term was scheduled for February 13, 2024. Suozzi was selected as the Democratic nominee, and then won the special election, reclaiming the seat for Democrats.

Palantir Technologies Company 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.