Palantir Technologies Inc. $PLTR Stock Position Trimmed by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 822,058 shares of the company’s stock after selling 193,950 shares during the period. Palantir Technologies comprises 13.1% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Dock Street Asset Management Inc.’s holdings in Palantir Technologies were worth $149,960,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Consulate Inc. purchased a new position in Palantir Technologies in the third quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth $31,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLTR. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Truist Financial began coverage on Palantir Technologies in a report on Tuesday. They issued a “buy” rating and a $223.00 price target on the stock. HSBC raised their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Morgan Stanley upped their target price on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $174.69.

Palantir Technologies Stock Performance

PLTR stock opened at $176.86 on Friday. The stock’s 50 day moving average price is $179.67 and its 200 day moving average price is $170.17. The firm has a market cap of $421.54 billion, a P/E ratio of 421.11, a PEG ratio of 4.57 and a beta of 1.54. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Shyam Sankar sold 19,004 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares in the company, valued at approximately $76,899,626.49. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 in the last quarter. Corporate insiders own 9.23% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Speculation that Palantir tools were used in a high‑profile U.S. action in Venezuela has triggered renewed retail and institutional interest because it underlines Palantir’s national‑security relevance and potential government demand. Palantir Involved in the Capture of Nicolás Maduro? Markets Think Peter Thiel-Linked Company ‘Heavily Involved,’ Says This Industry Commentator
• Positive Sentiment: Truist initiated/confirmed bullish coverage with a Buy and a $223 target, providing a fresh fundamental catalyst and a concrete upside case that some investors are buying into. Palantir Is Pulling Back After a Post-Venezuela Run Higher. How Should You Play PLTR Stock Here?
• Positive Sentiment: High‑profile bullish commentary (e.g., Jim Cramer) has kept momentum narratives alive and likely amplified buying from retail and momentum traders. Jim Cramer on Palantir: “I See No Reason to Back Away From It Now”
• Neutral Sentiment: Heavy options and search activity indicate elevated short‑term positioning that can magnify intraday moves in either direction; this raises trading volatility but not a durable fundamental change. Palantir Technologies Stock (PLTR) Opinions on AI Defense Speculation
• Neutral Sentiment: Upcoming full‑year 2025 results (Feb. 2) and differing growth projections (deceleration expectations vs. bullish price targets) mean the next earnings report could be a major directional catalyst. Can Palantir Double Again in 2026? This Analyst Is Confident
• Negative Sentiment: Despite headlines, the stock has pulled back today as traders take profits after a big 2025 run; Zacks highlights the intraday slide vs. the broader market. Palantir Technologies Inc. (PLTR) Stock Slides as Market Rises: Facts to Know Before You Trade
• Negative Sentiment: Analysts and commentators warn valuation is stretched (very high P/E and PEG) — a miss or weaker guidance would likely trigger sharper downside. Palantir Stock Price Forms a Risky Pattern
• Negative Sentiment: Recent insider selling (SEC Form 4 filings) reinforces that insiders have been reducing positions, which adds to investor caution amid a stretched valuation. SEC Form 4 — Ryan D. Taylor sale
• Negative Sentiment: Some veteran analysts have sounded alarms over geopolitical/legal risk and the reputational fallout if Palantir is tied to covert operations, which could create regulatory or contract‑risk headlines. Veteran analyst sounds alarm on Palantir stock after Venezuela raid

About Palantir Technologies

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.