Palantir Technologies Inc. $PLTR Position Decreased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% in the fourth quarter, HoldingsChannel reports. The fund owned 116,533 shares of the company’s stock after selling 8,734 shares during the quarter. Palantir Technologies makes up about 3.5% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 7th largest holding. Canvas Wealth Advisors LLC’s holdings in Palantir Technologies were worth $20,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Occidental Asset Management LLC grew its stake in shares of Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares during the period. Gallacher Capital Management LLC lifted its holdings in Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its position in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Lionshead Wealth Management LLC boosted its holdings in Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after buying an additional 56 shares during the period. Finally, Ellenbecker Investment Group increased its stake in Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Palantir Technologies in a research note on Wednesday. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, UBS Group raised their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $198.59.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the sale, the insider directly owned 219,421 shares in the company, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. This trade represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,045,279 shares of company stock valued at $140,539,043 over the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $154.96 on Thursday. The stock has a 50 day moving average price of $149.21 and a 200 day moving average price of $168.72. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The firm has a market capitalization of $370.61 billion, a P/E ratio of 245.97, a P/E/G ratio of 3.07 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir is reported to be developing software with Anduril for President Trump’s $185B “Golden Dome” antimissile shield — a potential multi‑billion dollar government opportunity that’s the main near‑term bullish catalyst. Anduril, Palantir developing Golden Dome missile shield’s software, source says
• Positive Sentiment: The Pentagon formally adopting Palantir’s Maven AI as a “program of record” gives Palantir recurring budget treatment across DoD branches — supporting more predictable, long‑term government revenue. Palantir Secures Pentagon Maven Role As Valuation And Growth Debated
• Positive Sentiment: Analyst support is backing the move: Rosenblatt reaffirmed a Buy with a $200 price target and other sell‑side commentary has cheered the Golden Dome designation, driving intraday upticks. Palantir Technologies Stock (PLTR) Jumps on Analyst Praise for Golden Dome Inclusion
• Positive Sentiment: Commercial wins and partnerships (AI mortgage platform pilot with Freedom Mortgage; deal work with Centrus Energy) add diversification beyond defense and signal expanding addressable markets. Palantir Announces AI Mortgage Platform Partnership with Moder and Freedom Mortgage
• Neutral Sentiment: Commentary remains mixed on valuation: several pieces debate whether Palantir’s recent run and high P/E are justified by growth, leaving longer‑term conviction dependent on continued execution. Is Palantir Stock a Long-Term Buy?
• Negative Sentiment: Despite contract wins, the stock has previously sold off with broader software/AI weakness (a ~5% drop reported during sector weakness), showing PLTR remains sensitive to macro tech flows. Palantir (PLTR) Stock Drops 5% Even With Major Pentagon and UK Contract Wins
• Negative Sentiment: Political and reputational risks persist (criticisms in the U.K. and scrutiny on campaign ties); these can amplify volatility and complicate public‑sector deal flows in sensitive jurisdictions. Palantir turns poisonous on the campaign trail

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.