Fifth Third Wealth Advisors LLC Boosts Stake in Palantir Technologies Inc. $PLTR

Fifth Third Wealth Advisors LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,121 shares of the company’s stock after acquiring an additional 5,555 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Palantir Technologies were worth $11,220,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. boosted its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 12,812 shares of the company’s stock valued at $2,277,000 after buying an additional 469 shares in the last quarter. Foster & Motley Inc. grew its stake in Palantir Technologies by 9.2% during the 4th quarter. Foster & Motley Inc. now owns 1,491 shares of the company’s stock worth $265,000 after buying an additional 125 shares during the last quarter. Range Financial Group LLC raised its stake in Palantir Technologies by 2.7% in the fourth quarter. Range Financial Group LLC now owns 28,694 shares of the company’s stock valued at $5,100,000 after buying an additional 754 shares during the last quarter. Lewis Asset Management LLC boosted its holdings in Palantir Technologies by 39.8% in the fourth quarter. Lewis Asset Management LLC now owns 1,677 shares of the company’s stock worth $298,000 after acquiring an additional 477 shares in the last quarter. Finally, Spirit of America Management Corp NY grew its stake in shares of Palantir Technologies by 4.9% during the fourth quarter. Spirit of America Management Corp NY now owns 6,400 shares of the company’s stock worth $1,138,000 after acquiring an additional 300 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 17,438 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 value of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,045,279 shares of company stock valued at $140,539,043 in the last quarter. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. DA Davidson decreased 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 report on Tuesday, February 3rd. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research note on Thursday, January 22nd. Argus raised Palantir Technologies to a “hold” rating in a report on Monday, February 9th. Finally, Northland Securities raised 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 research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $198.59.

Palantir Technologies Stock Up 6.3%

Shares of PLTR stock opened at $146.28 on Wednesday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The stock has a market cap of $349.85 billion, a PE ratio of 232.19, a price-to-earnings-growth ratio of 2.73 and a beta of 1.70. The business has a 50-day simple moving average of $146.95 and a 200-day simple moving average of $168.18.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.34 billion. During the same period last year, the company earned $0.14 earnings per share. Palantir Technologies’s revenue for the quarter was up 70.0% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: U.S. defense designation — The Pentagon named Palantir’s Maven Smart System a program of record, a formal recognition that can drive multi-year government spending and stronger recurring revenue. Why Palantir’s New Program of Record With the Pentagon Could Be a Game Changer
• Positive Sentiment: Strategic defense work — Reports that Palantir (with Anduril) is developing core software for the U.S. “golden dome” missile defense program reinforce Palantir’s positioning as mission‑critical software for national security. Palantir Is Developing the ‘Core’ of the Golden Dome. Does That Make PLTR Stock a Buy Now?
• Positive Sentiment: Material commercial renewal — Stellantis renewed and expanded a five‑year partnership to deploy Foundry and Palantir’s AI platform more broadly across manufacturing and operations, a meaningful enterprise reference customer and recurring-revenue tailwind. Palantir Technologies Announces the Renewal and Expansion of Its Partnership With Stellantis
• Positive Sentiment: Analyst support — Mizuho reaffirmed an Outperform rating and $195 price target, highlighting strong enterprise demand and giving investors confidence in upside vs. headline volatility. Palantir (PLTR) Rated Outperform on Strong Enterprise Demand
• Neutral Sentiment: Market recognition & growth metrics — Multiple pieces note Palantir’s strong Rule-of-40, rapid revenue growth and AIP traction; these support the long-term bull case but are already priced into a rich valuation. Does This Impressive Chart Justify Palantir’s High Valuation?
• Negative Sentiment: Valuation risk and skepticism — Several analysts and commentators warn PLTR is priced for perfection; famed short‑seller commentary and pieces noting a large pullback increase downside risk if growth slows. Michael Burry Says ‘Shorts Are Not Forever’ As Palantir, Nvidia Stocks Wrap A Rough Quarter
• Negative Sentiment: Sector rotation & volatility — Broader AI/tech rotation and recent profit-taking have pressured AI names; commentators note PLTR’s high multiples make it more sensitive to sentiment shifts. Everyone Is Rotating Out of Artificial Intelligence (AI) Stocks

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.