Thoroughbred Financial Services LLC Has $4.74 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Thoroughbred Financial Services LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,668 shares of the company’s stock after selling 3,973 shares during the period. Thoroughbred Financial Services LLC’s holdings in Palantir Technologies were worth $4,740,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. State Street Corp lifted its stake in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Geode Capital Management LLC lifted its stake in Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after purchasing an additional 805,047 shares during the last quarter. Invesco Ltd. lifted its stake in Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Palantir Technologies by 3.8% in the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after purchasing an additional 769,238 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 3.0%

Shares of PLTR stock opened at $132.51 on Thursday. The firm has a 50 day moving average price of $141.86 and a two-hundred day moving average price of $156.37. The company has a market capitalization of $317.67 billion, a PE ratio of 148.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 43.67% and a return on equity of 28.34%. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 922,524 shares of company stock valued at $125,501,302 in the last quarter. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Thomas Cavanagh Construction Limited extended its partnership with Palantir for six more years, keeping Foundry in use through 2035 and highlighting Palantir’s ability to lock in long-duration commercial revenue. Palantir Contract Extension Highlights Long Term Commercial Use And Valuation Gap
• Positive Sentiment: Several articles argued that Palantir remains a high-growth AI software winner, with demand for AIP and enterprise/government adoption still seen as a key growth driver. Palantir Stock Is Down 34% from Its Highs. Don’t Miss This Chance to Buy the Dip.
• Neutral Sentiment: Palantir CEO Alex Karp’s comments about the company’s lean sales force reinforced the idea that PLTR is well-run and operationally disciplined, but the piece was more colorful commentary than a direct earnings catalyst. Palantir CEO: “Only Seven of Our Salespeople Actually Even Really Sell”
• Neutral Sentiment: Some coverage highlighted Palantir as a stock to watch in AI and high-growth tech, while others framed the shares as a “buy the dip” candidate, reflecting ongoing debate rather than new fundamental information. Palantir Rally Takes a Pause
• Negative Sentiment: Several articles warned that Palantir’s valuation remains stretched, with investors questioning whether AI growth expectations are too optimistic at current levels. Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can’t Ignore
• Negative Sentiment: Insider selling totaling more than $43 million added to valuation concerns and may have pressured sentiment around PLTR. Palantir Technologies Insiders Dump Shares Worth Over $43 Million
• Negative Sentiment: A 247WallSt article on PLTY, the YieldMax Palantir options-income ETF, noted capital erosion and a high return-of-capital payout structure, which may indirectly reinforce volatility and caution around Palantir-linked trades. PLTY Promises Income From Palantir’s Wild Ride, But the 70 Percent Yield Hides a Capital Erosion Problem

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLTR. Phillip Securities raised their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Loop Capital cut their target price on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, The Goldman Sachs Group cut their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.