Congress Asset Management Co. Purchases 4,514 Shares of Palantir Technologies Inc. $PLTR

Congress Asset Management Co. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,193 shares of the company’s stock after buying an additional 4,514 shares during the period. Congress Asset Management Co.’s holdings in Palantir Technologies were worth $64,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PLTR. Bare Financial Services Inc lifted its holdings 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 period. Financial Consulate Inc. bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $31,000. United Financial Planning Group LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Institutional investors own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: The Pentagon designated Palantir’s Maven Smart System a program of record, moving the platform from pilot status to a budget‑backed, long‑term military capability — a direct revenue and visibility catalyst for PLTR. Palantir’s Maven AI system designated Pentagon program of record: report
• Positive Sentiment: A short‑term UK Financial Conduct Authority trial using Palantir’s Foundry to analyze fraud and enforcement datasets reinforces the company’s government footprint outside the U.S., supporting cross‑border contract momentum. Palantir rises 5.7% as new UK regulator AI trial reinforces government-demand narrative
• Positive Sentiment: Wall Street bullishness is adding upside pressure—notably Wedbush and other firms raising/sticking to optimistic targets (Dan Ives cited a $230 target), which can lift sentiment and momentum buying. Palantir stock surges over 5% today: Why Wedbush analyst Dan Ives predicts PLTR stock could hit $230 this year
• Positive Sentiment: Fundamentals remain supportive: Palantir reported strong FY revenue and cash flow (reported ~$4.48B revenue with large growth and healthy free cash flow), which underpins longer‑term growth expectations and analyst models. Palantir: Why I Stay Bullish Despite The Risks
• Neutral Sentiment: Broad market tailwinds (U.S. equity gains tied to geopolitical calm and energy price moves) helped tech names broadly today and likely amplified PLTR’s move. US Equity Markets Rise as Crude Oil Slumps After Trump Delays Iran Strike Plans
• Negative Sentiment: Valuation remains a risk: several analysts and commentary outlets continue to flag Palantir’s high multiple and the potential for large drawdowns if growth slows or model‑switching costs rise. That keeps downside risk despite positive contract news. Palantir’s Stock Valuation Still Looks Absurd. Here’s Why Investors Keep Buying It Anyway.
• Negative Sentiment: Insider selling and past institutional reshuffling are visible in tracking data; heavy insider sales and large portfolio moves by some institutions can weigh on sentiment if they continue. Palantir rises 5.7% as new UK regulator AI trial reinforces government-demand narrative

Palantir Technologies Trading Up 6.8%

NASDAQ PLTR opened at $160.88 on Tuesday. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The stock has a market cap of $384.78 billion, a price-to-earnings ratio of 255.37, a PEG ratio of 2.99 and a beta of 1.70. The company’s 50 day moving average is $150.16 and its two-hundred day moving average is $168.81.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,045,279 shares of company stock worth $140,539,043 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research reports. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Tuesday, February 3rd. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Tuesday, February 3rd. HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Rosenblatt Securities assumed coverage on Palantir Technologies in a report on Friday, February 27th. They issued a “buy” rating and a $150.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $196.32.

Palantir Technologies 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.