Convergence Financial LLC Makes New $1.90 Million Investment in Palantir Technologies Inc. $PLTR

Convergence Financial LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,420 shares of the company’s stock, valued at approximately $1,901,000.

Other institutional investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $29,000. Zeit Capital LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at approximately $30,000. Financial Consulate Inc. bought a new position in Palantir Technologies in the third quarter worth approximately $30,000. Finally, GS Investments Inc. purchased a new position in Palantir Technologies during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.3%

Shares of Palantir Technologies stock opened at $135.24 on Friday. The firm’s 50 day moving average price is $164.88 and its 200-day moving average price is $171.59. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The company has a market cap of $322.34 billion, a P/E ratio of 214.67, a PEG ratio of 2.59 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 400 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $151.14, for a total value of $60,456.00. Following the completion of the sale, the director owned 58,287 shares of the company’s stock, valued at approximately $8,809,497.18. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the transaction, the insider owned 239,409 shares in the company, valued at approximately $43,416,822.15. This trade represents a 4.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,100 shares of company stock worth $10,576,379 over the last quarter. Company insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PLTR. HSBC upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 3rd. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $191.05.

Key Palantir Technologies News

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

• Positive Sentiment: Mizuho and other analysts upgraded PLTR, citing stronger AI growth prospects and better near-term visibility; that analyst lift is supporting buying interest. Palantir Technologies (NASDAQ:PLTR) Stock Price Up 1.8% Following Analyst Upgrade
• Positive Sentiment: Palantir announced a new ~ $1 billion government deal and its Palantir Federal Cloud Service (PFCS) Forward received a DoD authorization that streamlines deployment for defense customers — both boost visibility into large, recurring government revenue. Palantir Landed Its Next $1 Billion Deal
• Positive Sentiment: A U.S. judge temporarily blocked former Palantir staffers from poaching employees for a rival AI firm, protecting Palantir’s human capital and reducing near-term competitive risk. US judge blocks ex-Palantir staffers from poaching workers for new AI firm
• Neutral Sentiment: ISG launched a study of Palantir ecosystem partners (consulting, implementation and AI analytics) — this highlights partner traction but is an indirect catalyst for PLTR revenue. ISG to Assess Palantir Ecosystem Partners
• Neutral Sentiment: Partner headlines (Rackspace’s huge rally after an AI tie-up with Palantir) are driving wider attention to PLTR but the move mainly benefits the partner’s stock and may not immediately change Palantir fundamentals. Rackspace Surges Another 50% Higher on Palantir AI Partnership Hype
• Negative Sentiment: High-profile criticism from Michael Burry and media attention on CEO Alex Karp’s disclosed ~$17M private-jet bill have raised corporate-governance concerns and sparked negative headlines that can pressure the stock multiple. Palantir’s stock has dropped a third from its peak. Michael Burry has a new line of attack.
• Negative Sentiment: Short-term pressure from a legal dispute with Percepta and continued media scrutiny about executive expenses are keeping volatility elevated and could weigh on sentiment while headlines persist. What’s Going On With Palantir Stock Friday?
• Negative Sentiment: Broader software/AI rotation and a pullback in high-growth names have pushed PLTR lower year-to-date; even with improving fundamentals, elevated valuation and sector sentiment remain risk factors. Down 24% in 2026, Where Is Palantir Stock Headed Next and Should You Buy PLTR Here?

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.