State of Alaska Department of Revenue Reduces Position in Palantir Technologies Inc. $PLTR

State of Alaska Department of Revenue lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,285 shares of the company’s stock after selling 8,380 shares during the period. Palantir Technologies accounts for approximately 0.4% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 28th biggest position. State of Alaska Department of Revenue’s holdings in Palantir Technologies were worth $41,821,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares during the period. State Street Corp grew its stake in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the period. Invesco Ltd. grew its stake in shares of Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after buying an additional 1,213,529 shares during the period. Northern Trust Corp grew its stake in shares of Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after buying an additional 769,238 shares during the period. Finally, Amundi grew its stake in shares of Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after buying an additional 4,373,201 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Northland Securities raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Tuesday, February 3rd. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Tuesday, February 10th. Finally, UBS Group increased their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.77.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on 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 sale, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,029,879 shares of company stock worth $137,746,253 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $128.01 on Monday. The stock has a market capitalization of $306.15 billion, a P/E ratio of 203.19, a PEG ratio of 2.54 and a beta of 1.68. The company has a 50 day moving average price of $143.96 and a 200 day moving average price of $166.28. Palantir Technologies Inc. has a fifty-two week low of $85.47 and a fifty-two week high of $207.52.

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

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: ARK Invest purchased ~85,485 PLTR shares across its ETFs, a visible institutional vote of confidence that helped lift the stock. Palantir Stock Rises. Cathie Wood and Trump Give the AI Defense Play a Boost.
• Positive Sentiment: Cathie Wood’s funds added roughly $11M of Palantir, increasing ARK ETF exposure — this concentrated retail/institutional buying is propping sentiment and liquidity. Cathie Wood vs Michael Burry: The $11 million Palantir bet that’s splitting Wall Street
• Positive Sentiment: Political endorsement from former President Trump (public praise by ticker) produced a rapid sentiment boost and short‑covering in recent sessions, supporting today’s gains. Trump endorsed Palantir stock, and the market reacted
• Positive Sentiment: Wedbush reiterated an Outperform on PLTR, which provides formal analyst backing that can attract buyers alongside the flow trades. Palantir Technologies’ (PLTR) Outperform Rating Reiterated at Wedbush
• Positive Sentiment: Celebrity/influencer support — Jim Cramer signaled he’ll “stand by” Palantir, which can influence retail flows and sentiment in the near term. Jim Cramer on Palantir: “I’m Going to Stand By It”
• Neutral Sentiment: Peter Thiel sold stakes in other big AI names (Tesla, Microsoft) per filings — notable hedge fund activity but not a direct signal on PLTR fundamentals. Investors may view this as portfolio rebalancing rather than a PLTR-specific negative. Palantir Billionaire Peter Thiel Sells 2 Trillion-Dollar AI Stocks, but Wall Street Says It’s Time to Buy
• Negative Sentiment: Prominent short seller Michael Burry remains bearish and reportedly still shorts PLTR; his public commentary keeps downside risk and volatility elevated. Michael Burry is still shorting Palantir — and says Anthropic is the bigger AI winner
• Negative Sentiment: Broader AI sell‑off and recent episode of a sudden Palantir plunge (linked to geopolitical/ceasefire headlines) keep upside capped and raise the chance of profit‑taking even as buyers step in. AI Stock Sell-Off: Here’s How to Find the Long-Term Winners

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.