Thoroughbred Financial Services LLC Sells 3,973 Shares of Palantir Technologies Inc. $PLTR

Posted by Stanley Muller on May 28th, 2026

Thoroughbred Financial Services LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,668 shares of the company’s stock after selling 3,973 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Palantir Technologies were worth $4,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Gallacher Capital Management LLC increased its stake in Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc increased its stake in Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the last quarter. AlphaQuest LLC increased its stake in Palantir Technologies by 15.8% in the third quarter. AlphaQuest LLC now owns 425 shares of the company’s stock valued at $78,000 after acquiring an additional 58 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in Palantir Technologies by 2.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,965 shares of the company’s stock valued at $527,000 after acquiring an additional 59 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its stake 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 acquiring an additional 60 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PLTR shares. DZ Bank assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. 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. Finally, Oppenheimer assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Read Our Latest Stock Report on PLTR

Palantir Technologies Stock Down 3.0%

Shares of Palantir Technologies stock opened at $132.51 on Thursday. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The stock has a market cap of $317.67 billion, a price-to-earnings ratio of 148.89, a P/E/G ratio of 2.17 and a beta of 1.52. The company’s fifty day moving average is $141.86 and its 200 day moving average is $156.37.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. This represents a 8.96% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 922,524 shares of company stock valued at $125,501,302 over the last quarter. 9.53% of the stock is currently owned by company insiders.

More Palantir Technologies News

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

Positive Sentiment: Thomas Cavanagh Construction Limited extended its partnership with Palantir for six more years, keeping Foundry in use through 2035 and highlighting Palantir’s ability to lock in long-duration commercial revenue. Palantir Contract Extension Highlights Long Term Commercial Use And Valuation Gap
Positive Sentiment: Several articles argued that Palantir remains a high-growth AI software winner, with demand for AIP and enterprise/government adoption still seen as a key growth driver. Palantir Stock Is Down 34% from Its Highs. Don’t Miss This Chance to Buy the Dip.
Neutral Sentiment: Palantir CEO Alex Karp’s comments about the company’s lean sales force reinforced the idea that PLTR is well-run and operationally disciplined, but the piece was more colorful commentary than a direct earnings catalyst. Palantir CEO: “Only Seven of Our Salespeople Actually Even Really Sell”
Neutral Sentiment: Some coverage highlighted Palantir as a stock to watch in AI and high-growth tech, while others framed the shares as a “buy the dip” candidate, reflecting ongoing debate rather than new fundamental information. Palantir Rally Takes a Pause
Negative Sentiment: Several articles warned that Palantir’s valuation remains stretched, with investors questioning whether AI growth expectations are too optimistic at current levels. Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can’t Ignore
Negative Sentiment: Insider selling totaling more than $43 million added to valuation concerns and may have pressured sentiment around PLTR. Palantir Technologies Insiders Dump Shares Worth Over $43 Million
Negative Sentiment: A 247WallSt article on PLTY, the YieldMax Palantir options-income ETF, noted capital erosion and a high return-of-capital payout structure, which may indirectly reinforce volatility and caution around Palantir-linked trades. PLTY Promises Income From Palantir’s Wild Ride, But the 70 Percent Yield Hides a Capital Erosion Problem

Palantir Technologies Profile

(Free Report)

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.