Insight Wealth Strategies LLC Sells 22,461 Shares of Palantir Technologies Inc. $PLTR

Insight Wealth Strategies LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 81.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,997 shares of the company’s stock after selling 22,461 shares during the period. Insight Wealth Strategies LLC’s holdings in Palantir Technologies were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Norges Bank bought a new stake in Palantir Technologies during the 4th quarter worth about $5,149,641,000. Jennison Associates LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. raised its stake in shares of Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after acquiring an additional 5,938,343 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

More Palantir Technologies News

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

• Positive Sentiment: Blowout results and raised guidance remain the primary bullish catalyst. Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year and ahead of expectations, while EPS also exceeded consensus. Coverage suggests the guidance increase implies roughly $362 million in additional second-half revenue. Q2 Earnings Season Standouts
• Positive Sentiment: Commercial AI demand is accelerating. Recent reports highlight 110% commercial revenue growth, 79% government revenue growth, a 62% adjusted EBITDA margin and $1.22 billion in free cash flow. Palantir’s open-weight model strategy could help differentiate its platforms from OpenAI and Anthropic by giving customers more control over customized models. Palantir Q2: Karp Takes On the Two AI Labs
• Positive Sentiment: Bullish price targets and strategic importance support the shares. Commentary includes a $220 target, representing potential upside from recent levels, while analysts and investors point to Palantir’s expanding U.S. commercial market, defense role and growing backlog as reasons the rally may continue. Prediction: Palantir Will Hit $220 This Year
• Neutral Sentiment: Macro conditions could amplify volatility. Investors are awaiting the July CPI report, with a softer-than-expected reading potentially supporting high-beta AI stocks such as PLTR. The reported short-interest figures showing zero shares appear unreliable because the data also lists an undefined percentage change.
• Negative Sentiment: Profit-taking and insider selling are creating near-term pressure. ARK Invest trimmed approximately $21 million of PLTR after the recent surge, while CTO Shyam Sankar sold 35,000 shares worth about $5.45 million under a pre-arranged Rule 10b5-1 plan. Cathie Wood Sold Palantir Shares
• Negative Sentiment: Valuation concerns remain significant. With a price-to-earnings ratio near 150, the stock is priced for sustained exceptional growth. Michael Burry’s long-dated put positions, targeting strikes in the low-to-mid $100s, reinforce concerns that expectations may be too high. Michael Burry’s Palantir Put Positions

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares of the company’s stock, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,150,302 shares of company stock worth $156,197,565 over the last quarter. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 0.2%

Shares of NASDAQ PLTR opened at $174.94 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm’s 50-day moving average is $132.50 and its 200-day moving average is $139.81. The firm has a market capitalization of $419.39 billion, a PE ratio of 149.52, a price-to-earnings-growth ratio of 2.50 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wolfe Research began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Phillip Securities increased their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $204.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

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.