Palantir Technologies Inc. $PLTR Position Reduced by First Horizon Corp

First Horizon Corp trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,464 shares of the company’s stock after selling 4,167 shares during the quarter. First Horizon Corp’s holdings in Palantir Technologies were worth $1,238,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC grew its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its holdings in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Palantir Technologies by 36.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $315,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
• Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
• Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
• Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
• Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
• Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
• Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Phillip Securities increased their target price on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a research report on Friday, May 22nd. Finally, Mizuho decreased their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.85.

Palantir Technologies Trading Down 1.7%

Shares of NASDAQ PLTR opened at $126.79 on Friday. The company has a market cap of $303.95 billion, a price-to-earnings ratio of 142.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.56. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock’s 50 day simple moving average is $132.58 and its 200 day simple moving average is $146.40.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.17 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 stock in a transaction dated 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. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider directly owned 60,226 shares of the company’s stock, valued at $7,757,108.80. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last three months. 9.53% of the stock is owned by corporate insiders.

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.