Palantir Technologies (NASDAQ:PLTR) Stock Unloaded Rep. Thomas R. Suozzi

Representative Thomas R. Suozzi (Democratic-New York) recently sold shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on March 17th, the Representative disclosed that they had sold between $15,001 and $50,000 in Palantir Technologies stock on February 18th. The trade occurred in the Representative’s “THOMAS SUOZZI IRA FBO THOMAS SUOZZI” account.

Representative Thomas R. Suozzi also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/18/2026.
• Sold $15,001 – $50,000 in shares of United Rentals (NYSE:URI) on 2/18/2026.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $160.88 on Tuesday. The business has a 50 day simple moving average of $150.16 and a 200 day simple moving average of $168.81. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The stock has a market capitalization of $384.78 billion, a P/E ratio of 255.37, a P/E/G ratio of 2.99 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTR) last issued its 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 the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. Equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,045,279 shares of company stock worth $140,539,043 in the last three months. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. DA Davidson lowered their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. The Goldman Sachs Group decreased their price target on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $196.32.

More Palantir Technologies News

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

Institutional Investors Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp lifted its holdings in shares of Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after buying an additional 805,047 shares during the last quarter. Norges Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. grew its holdings in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

About Representative Suozzi

Thomas Richard Suozzi (born August 31, 1962) is an American politician, attorney, and accountant serving as the U.S. representative for New York’s 3rd congressional district since 2024 and previously from 2017 to 2023. A member of the Democratic Party, he was the county executive of Nassau County on Long Island from 2002 to 2009, when he was unseated by Republican Ed Mangano. Before that, Suozzi served eight years as the mayor of Glen Cove in Nassau County.

In 2006, he ran unsuccessfully against Eliot Spitzer for the Democratic nomination for governor of New York. Suozzi was elected to the U.S. House of Representatives in 2016 and reelected in 2018 and 2020. He retired from Congress to run again for the Democratic gubernatorial nomination in 2022, losing to incumbent governor Kathy Hochul.

In October 2023, Suozzi announced that he would run for his old congressional seat in 2024.After Congress expelled George Santos that December, a special election to fill the remainder of the term was scheduled for February 13, 2024. Suozzi was selected as the Democratic nominee, and then won the special election, reclaiming the seat for Democrats.

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.