SevenBridge Financial Group LLC Sells 4,675 Shares of Palantir Technologies Inc. $PLTR

SevenBridge Financial Group LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,012 shares of the company’s stock after selling 4,675 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Palantir Technologies were worth $3,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp grew its stake in Palantir Technologies by 6.9% in the second 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. Norges Bank bought a new stake in shares of Palantir Technologies in the second quarter worth about $3,307,457,000. Invesco Ltd. raised its position in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after purchasing an additional 2,838,300 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,042,239 shares of the company’s stock worth $1,914,238,000 after purchasing an additional 427,840 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, insider David A. Glazer sold 17,438 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 value of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This trade represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,054,279 shares of company stock worth $142,212,233. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $151.60 on Thursday. The company has a market cap of $362.58 billion, a price-to-earnings ratio of 240.64, a P/E/G ratio of 3.00 and a beta of 1.70. The firm has a 50-day moving average of $153.81 and a 200-day moving average of $168.90. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results 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 return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Palantir Technologies’s 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.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Mizuho upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price objective for the company in a research report on Wednesday, February 18th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Tuesday, February 3rd. UBS Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and cut their price target for the company from $180.00 to $150.00 in a research note on Thursday, February 26th. DA Davidson reduced their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.68.

Key Palantir Technologies News

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

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.