Palantir Technologies Inc. $PLTR Shares Sold by Root Financial Partners LLC

Root Financial Partners LLC reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 29.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,823 shares of the company’s stock after selling 6,740 shares during the period. Root Financial Partners LLC’s holdings in Palantir Technologies were worth $2,315,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Beaumont Financial Advisors LLC lifted its stake in shares of Palantir Technologies by 2.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock worth $527,000 after acquiring an additional 59 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in Palantir Technologies by 0.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock valued at $1,890,000 after purchasing an additional 60 shares during the last quarter. Sandbox Financial Partners LLC grew its stake in Palantir Technologies by 1.3% during the 4th quarter. Sandbox Financial Partners LLC now owns 4,911 shares of the company’s stock valued at $873,000 after purchasing an additional 61 shares in the last quarter. San Luis Wealth Advisors LLC increased its holdings in Palantir Technologies by 1.6% during the 4th quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company’s stock worth $726,000 after purchasing an additional 63 shares during the last quarter. Finally, Monument Capital Management increased its holdings in Palantir Technologies by 1.2% during the 4th quarter. Monument Capital Management now owns 5,341 shares of the company’s stock worth $949,000 after purchasing an additional 63 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 7.8%

NASDAQ:PLTR opened at $125.73 on Thursday. The stock has a 50 day moving average of $134.42 and a 200-day moving average of $148.82. The firm has a market capitalization of $301.41 billion, a PE ratio of 141.27, a price-to-earnings-growth ratio of 1.88 and a beta of 1.57. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 84.7% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 1.16 EPS for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir unveiled a sovereign AI partnership with Nvidia, reinforcing its role in defense and government AI deployments and helping fuel a rally in the shares. Why Is Palantir Stock Surging On Wednesday?
• Positive Sentiment: Palantir expanded its commercial relationship with Surf Air Mobility, suggesting continued growth in enterprise adoption beyond the public sector. Palantir (PLTR), Surf Air Mobility Expand Partnership to Accelerate SurfOS Platform Development
• Positive Sentiment: CEO Alex Karp’s criticism of token-based AI pricing and push for “AI sovereignty” is resonating with investors who believe Palantir’s model protects customer data and reduces reliance on frontier AI labs. Palantir’s Karp bashes OpenAI, Anthropic token model: ‘Something has gone completely wrong’
• Positive Sentiment: Multiple analysts and commentators continue to argue that Palantir’s AI story remains intact despite its premium valuation, supporting the rebound narrative. ‘Palantir’s AI Story Is Far From Over,’ Says BofA
• Neutral Sentiment: Articles highlighting Cathie Wood buying Palantir and Wall Street’s bullish price targets are adding to sentiment, but they are mostly reinforcing an existing bullish setup rather than creating a new catalyst. Cathie Wood Bets Big on Cerebras and Palantir Stocks After Sharp Pullback
• Neutral Sentiment: Recent commentary also notes the stock remains well below its highs and still faces valuation concerns, which could limit follow-through if growth momentum slows. Palantir’s Rough 2026 Start Raises a Bigger Question About Its AI Moat

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTR. UBS Group upgraded Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Oppenheimer initiated coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target on the stock. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Citigroup boosted their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.46.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 927,270 shares of company stock valued at $126,197,785 over the last three months. 9.53% of the stock is currently owned by company insiders.

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.