Palantir Technologies Inc. $PLTR Stake Lessened by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,533 shares of the company’s stock after selling 8,734 shares during the period. Palantir Technologies accounts for approximately 3.5% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 7th largest position. Canvas Wealth Advisors LLC’s holdings in Palantir Technologies were worth $20,714,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in Palantir Technologies in the second quarter worth $3,307,457,000. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp grew its holdings in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Amundi lifted its holdings in shares of Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Palantir Technologies by 228.0% during the third quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock valued at $945,403,000 after purchasing an additional 3,602,471 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The transaction 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 19,988 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 value of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares in the company, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,045,279 shares of company stock worth $140,539,043. Insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Tuesday, February 3rd. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Monday, March 16th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Loop Capital cut their target price on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, The Goldman Sachs Group lowered their price target on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.59.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $154.96 on Thursday. The stock’s fifty day moving average price is $149.21 and its 200-day moving average price is $168.72. The company has a market cap of $370.61 billion, a P/E ratio of 245.97, a PEG ratio of 3.07 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.

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

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir is reported to be developing software with Anduril for President Trump’s $185B “Golden Dome” antimissile shield — a potential multi‑billion dollar government opportunity that’s the main near‑term bullish catalyst. Anduril, Palantir developing Golden Dome missile shield’s software, source says
• Positive Sentiment: The Pentagon formally adopting Palantir’s Maven AI as a “program of record” gives Palantir recurring budget treatment across DoD branches — supporting more predictable, long‑term government revenue. Palantir Secures Pentagon Maven Role As Valuation And Growth Debated
• Positive Sentiment: Analyst support is backing the move: Rosenblatt reaffirmed a Buy with a $200 price target and other sell‑side commentary has cheered the Golden Dome designation, driving intraday upticks. Palantir Technologies Stock (PLTR) Jumps on Analyst Praise for Golden Dome Inclusion
• Positive Sentiment: Commercial wins and partnerships (AI mortgage platform pilot with Freedom Mortgage; deal work with Centrus Energy) add diversification beyond defense and signal expanding addressable markets. Palantir Announces AI Mortgage Platform Partnership with Moder and Freedom Mortgage
• Neutral Sentiment: Commentary remains mixed on valuation: several pieces debate whether Palantir’s recent run and high P/E are justified by growth, leaving longer‑term conviction dependent on continued execution. Is Palantir Stock a Long-Term Buy?
• Negative Sentiment: Despite contract wins, the stock has previously sold off with broader software/AI weakness (a ~5% drop reported during sector weakness), showing PLTR remains sensitive to macro tech flows. Palantir (PLTR) Stock Drops 5% Even With Major Pentagon and UK Contract Wins
• Negative Sentiment: Political and reputational risks persist (criticisms in the U.K. and scrutiny on campaign ties); these can amplify volatility and complicate public‑sector deal flows in sensitive jurisdictions. Palantir turns poisonous on the campaign trail

Palantir Technologies Company 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.