Westfield Capital Management Co. LP Acquires 599,424 Shares of Palantir Technologies Inc. $PLTR

Westfield Capital Management Co. LP raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8,531.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 606,450 shares of the company’s stock after buying an additional 599,424 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Palantir Technologies were worth $110,629,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Decker Retirement Planning Inc. increased its holdings in Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after buying an additional 54,347 shares during the period. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. Prentice Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $550,000. Watershed Private Wealth LLC increased its stake in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,350 shares during the period. Finally, State of Michigan Retirement System raised its position in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: DISA granted Palantir Impact Level‑6 provisional authorization, allowing Palantir’s stack to run in the most sensitive DoD cloud/edge environments — expands addressable DoD opportunity and supports defense revenue durability. Read More.
• Positive Sentiment: Palantir announced a GE Aerospace partnership to support a Defense Logistics Agency contract (supply‑chain/fleet optimization for J85 engines) — a concrete, revenue‑bearing use of Palantir’s AI for defense customers. Read More.
• Positive Sentiment: Analyst bullishness: Mizuho upgraded/endorsed Palantir as a “category of one,” and several boutiques raised targets — analyst upgrades can lift sentiment and buying flows after recent weakness. Read More.
• Positive Sentiment: Nvidia CEO remarks and broad AI optimism are lifting AI platform names (tailwind for Palantir’s AIP adoption narrative). Positive industry headlines can re‑rate software multiple expansion expectations. Read More.
• Neutral Sentiment: Commercial partnerships (e.g., Rackspace) and strong earnings/growth writeups reinforce the long‑term story, but analysts remain split on valuation — supportive for holders, less decisive for near‑term direction. Read More.
• Neutral Sentiment: Options/strategy pieces (selling puts, protective trades) reflect increased trader interest and higher implied volatility — useful for income/hedge-oriented investors but not a directional fundamental change. Read More.
• Negative Sentiment: Heavy insider selling disclosed this week — multiple senior execs (including Alex Karp, S. Cohen, Shyam Sankar and others) executed large block sales, raising governance and confidence concerns among investors. Read More.
• Negative Sentiment: Governance/legal/valuation headwinds: Michael Burry’s public bearish stance, congressional trading scrutiny and articles citing a large pullback (35–38%) are amplifying fear and triggering technical selling in a high‑beta stock. Read More.
• Negative Sentiment: Reported well‑timed congressional/representative stock sales are drawing scrutiny (suspicious timing headlines) that can exacerbate short‑term volatility and investor caution. Read More.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Tuesday, February 10th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Finally, Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $191.05.

Insider Buying and Selling

In other news, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This trade represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,054,279 shares of company stock valued at $142,212,233. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $134.19 on Thursday. The business’s fifty day moving average is $161.79 and its two-hundred day moving average is $170.49. The firm has a market cap of $319.83 billion, a P/E ratio of 213.00, a P/E/G ratio of 2.48 and a beta of 1.64. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results 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. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

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.