Palantir Technologies Inc. $PLTR is ARK Investment Management LLC’s 4th Largest Position

ARK Investment Management LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,035,093 shares of the company’s stock after selling 41,173 shares during the quarter. Palantir Technologies comprises 4.4% of ARK Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding. ARK Investment Management LLC owned 0.17% of Palantir Technologies worth $736,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PLTR. Norges Bank purchased a new position in Palantir Technologies in the 2nd quarter valued at $3,307,457,000. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the period. State Street Corp boosted its holdings in shares of Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares in the last quarter. Invesco Ltd. increased its stake in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after acquiring an additional 2,838,300 shares during the period. Finally, Clear Street LLC purchased a new position in Palantir Technologies during the second quarter worth about $295,508,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $153.19 on Thursday. The company has a 50-day simple moving average of $156.94 and a 200-day simple moving average of $169.14. The company has a market cap of $366.38 billion, a PE ratio of 243.16, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company 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%.Palantir Technologies’s revenue was up 70.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,054,279 shares of company stock valued at $142,212,233. 9.23% of the stock is currently owned by corporate insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Geopolitical spike driving defense demand — investors are buying PLTR as U.S.-Iran tensions boost expectations for government spending on battlefield and intelligence AI, a major near‑term catalyst for Palantir. Reuters: Palantir faces challenge to remove Anthropic
• Positive Sentiment: Analyst upgrades and bullish price targets — several firms have raised targets and ratings (Rosenblatt, UBS, Citi and others), citing defense tailwinds and PLTR’s AI positioning; those upgrades are drawing fresh buyer interest. Benzinga: Analyst praises Palantir’s growth prospects
• Positive Sentiment: Strong reported fundamentals — Palantir’s latest quarter showed ~70% YoY revenue growth and improved profitability, supporting the narrative that Foundry/Gotham are scaling in both government and commercial markets. Fool: Why Palantir stock is surging
• Positive Sentiment: Enterprise AI traction — Foundry and Gotham are cited as drivers of rapid commercial revenue growth, which reduces sole reliance on government contracts and lifts investor conviction. Yahoo: PLTR’s Foundry and Gotham accelerate enterprise AI expansion
• Neutral Sentiment: Valuation debates vs. other AI names — coverage compares PLTR to NVIDIA and other AI leaders; some argue PLTR’s premium valuation is justified by defense exposure, others see a gap that raises long‑term allocation questions. Zacks: Palantir vs. NVIDIA valuation
• Neutral Sentiment: Technical/sector momentum — Palantir is benefitting from a defense-stock rally and improved technical ratings, which can amplify moves but also reverse if broader risk sentiment shifts. Investor’s Business Daily: Technical ratings improve
• Negative Sentiment: Anthropic dependency and contract unwind risk — reporting indicates Palantir’s Maven Smart Systems used Anthropic code; removing or replacing that dependency for Pentagon customers could create integration, timing and cost risks. Reuters: Palantir faces challenge to remove Anthropic
• Negative Sentiment: Significant insider selling — high-profile sales (including filings for large Thiel/other insider sales) and broader insider activity raise governance and supply concerns that can cap rallies. Benzinga: Peter Thiel sells PLTR stock
• Negative Sentiment: Stretched multiples — PLTR trades with a high P/E reflecting growth expectations; if revenue/guidance disappoints or defense tailwinds fade, multiple compression is a meaningful downside risk. Zacks: Can PLTR rebound?

Analyst Upgrades and Downgrades

Several analysts have recently commented on PLTR shares. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Tuesday, February 3rd. HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, DA Davidson reduced their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.68.

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.