DNB Asset Management AS Sells 412,349 Shares of Palantir Technologies Inc. $PLTR

DNB Asset Management AS decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 99.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,235 shares of the company’s stock after selling 412,349 shares during the quarter. DNB Asset Management AS’s holdings in Palantir Technologies were worth $225,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth approximately $450,000. Bison Wealth LLC lifted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. boosted its holdings 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 buying an additional 1,694 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth about $50,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Rosenblatt Securities began coverage on shares of Palantir Technologies in a research note on Friday, February 27th. They issued a “buy” rating and a $150.00 target price on the stock. Loop Capital reduced their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Phillip Securities started coverage on Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.68.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This trade represents a 8.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies 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 of the company’s stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies News Summary

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?

Palantir Technologies Price Performance

Shares of PLTR stock opened at $153.19 on Thursday. The company has a market cap of $366.38 billion, a price-to-earnings ratio of 243.16, a PEG ratio of 2.83 and a beta of 1.70. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The firm has a fifty day moving average price of $156.94 and a 200-day moving average price of $169.14.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 70.0% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.