CI Investments Inc. Trims Position in Palantir Technologies Inc. $PLTR

CI Investments Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 374,369 shares of the company’s stock after selling 173,923 shares during the quarter. CI Investments Inc.’s holdings in Palantir Technologies were worth $68,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capstone Wealth Management Group LLC acquired a new position in Palantir Technologies during the third quarter valued at $3,407,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Palantir Technologies by 40.4% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 47,292 shares of the company’s stock valued at $8,925,000 after buying an additional 13,608 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 55.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 63,917 shares of the company’s stock valued at $11,660,000 after buying an additional 22,844 shares during the period. Elo Mutual Pension Insurance Co boosted its stake in shares of Palantir Technologies by 1.6% in the third quarter. Elo Mutual Pension Insurance Co now owns 282,682 shares of the company’s stock worth $51,581,000 after buying an additional 4,406 shares during the last quarter. Finally, BCGM Wealth Management LLC acquired a new stake in Palantir Technologies during the third quarter worth about $664,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Argus upgraded shares of Palantir Technologies to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Bank of America lifted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average price target of $187.96.

Palantir Technologies News Summary

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

• Positive Sentiment: Geopolitical shock is re-rating defense-exposed tech names; Palantir is seen as a direct beneficiary of renewed U.S.–Iran tensions and increased demand for national-security AI tools. Palantir Stock Rises on Iran Conflict—But Here’s the Real Story
• Positive Sentiment: New DoD-related work: Palantir and GE Aerospace announced a partnership to support J85 engine logistics for the DoD — a concrete example of defense revenue that can expand into commercial aviation use cases. Palantir Stock Rises on Iran Conflict—But Here’s the Real Story
• Positive Sentiment: Fundamentals: recent Q4 results showed strong top-line growth and the company publicized major federal deals (including DHS), prompting analysts to raise forward estimates — a catalyst for multi-quarter upside beyond headline trades. Stock Market Today, March 2: Palantir Technologies Jumps After Strong Q4 Results Last Month and AI Defense Demand
• Positive Sentiment: Wall Street momentum: several upgrades and higher price targets (including UBS and other firms) have increased bullish coverage and institutional interest, supporting a higher valuation trajectory if growth continues. Palantir Stock Gains Momentum as Wall Street Upgrades Pour In
• Positive Sentiment: Commercial expansion: a partnership with Rackspace targets regulated AI deployments — evidence Palantir is pushing into revenue streams outside pure government contracting. Palantir And Rackspace Team Up To Target Regulated AI Deployments
• Neutral Sentiment: Headline vs. fundamentals: coverage notes the rally is partly event-driven (the “war trade”), so short-term flows can be volatile even as the long-term AI thesis remains intact. Palantir Stock Rises on Iran Conflict—But Here’s the Real Story
• Neutral Sentiment: Strategic positioning: some analysts and commentators argue Palantir is a model for defense-AI resilience (useful if defense procurement patterns change), but that’s a strategic narrative rather than an immediate earnings lever. Why Palantir Is The Model If The Viral ‘AI Doom Scenario’ Plays Out
• Negative Sentiment: Technical/volatility risks: analysts warn of a short-term “war trade” pattern and technical warnings (a potential “death cross”); prior headline spikes have quickly reversed, so momentum can evaporate fast. Palantir’s War Trade Is Back — But Beware The ‘Death Cross’
• Negative Sentiment: Valuation and insider selling: PLTR still trades at a rich multiple versus peers and public disclosures show substantial insider sales and big institutional position shifts — factors that could limit near-term upside or increase downside on sentiment changes. Palantir gains as defense-linked AI names catch a bid amid Middle East tensions

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 17,438 shares of the firm’s stock in a transaction dated 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 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. The SEC filing for this sale provides additional information. Insiders sold 1,054,279 shares of company stock worth $142,212,233 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Up 5.8%

PLTR opened at $145.17 on Tuesday. The company has a market cap of $347.20 billion, a PE ratio of 230.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.70. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a 50-day moving average price of $158.69 and a 200 day moving average price of $169.46.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS 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 analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.14 EPS. Palantir Technologies’s quarterly revenue was up 70.0% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.