Palantir Technologies Inc. $PLTR Shares Sold by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 84.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,151 shares of the company’s stock after selling 17,740 shares during the period. Decker Retirement Planning Inc.’s holdings in Palantir Technologies were worth $461,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Milestone Asset Management LLC increased its holdings in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after purchasing an additional 42,173 shares during the last quarter. VCI Wealth Management LLC boosted its stake in Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after buying an additional 3,621 shares during the last quarter. Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Palantir Technologies in the 4th quarter valued at $222,143,000. Finally, Jefferson Bridge Capital LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at $1,322,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Several articles highlighted that Wall Street analysts and bullish investors still see upside in Palantir, citing its rapid revenue growth, strong recent quarterly results, and expanding role in enterprise AI adoption. Article Title
• Positive Sentiment: Palantir’s new partnership with Zeta Global was described as validation for its AI platform and a sign that its technology is gaining traction in enterprise marketing infrastructure. Article Title
• Neutral Sentiment: Some coverage framed the recent selloff as a valuation reset after a huge prior run, arguing that while Palantir remains expensive, the pullback may be making the stock more attractive for long-term investors. Article Title
• Neutral Sentiment: Other pieces repeated the long-term growth case, noting Palantir’s strong revenue expansion and AI-driven positioning, but these bullish arguments have not been enough to stop the decline. Article Title
• Negative Sentiment: The main driver of the stock weakness appears to be concerns about Palantir’s stretched valuation, profit-taking in AI stocks, and a broader rotation away from software names toward AI hardware and chipmakers. Article Title
• Negative Sentiment: Bearish commentary from Michael Burry and repeated reports of Palantir hitting fresh 52-week lows have reinforced fears that the selloff could continue if sentiment stays weak. Article Title

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $107.27 on Friday. The firm has a market cap of $257.16 billion, a P/E ratio of 120.53, a P/E/G ratio of 1.80 and a beta of 1.53. The firm’s 50 day moving average price is $136.55 and its 200-day moving average price is $150.70. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. This represents a 2.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 927,270 shares of company stock valued at $126,197,785. Insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PLTR shares. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Wedbush assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating for the company. Cantor Fitzgerald restated a “neutral” rating and set a $138.00 price objective on shares of Palantir Technologies in a research report on Friday, May 22nd. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating on the stock. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Moderate Buy” and a consensus price target of $192.76.

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.