SmartHarvest Portfolios LLC Sells 4,959 Shares of Palantir Technologies Inc. $PLTR

SmartHarvest Portfolios LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 39.3% in the second quarter, HoldingsChannel.com reports. The fund owned 7,674 shares of the company’s stock after selling 4,959 shares during the period. SmartHarvest Portfolios LLC’s holdings in Palantir Technologies were worth $895,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $29,000. Morton Brown Family Wealth LLC lifted its stake in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in Palantir Technologies in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,150,302 shares of company stock worth $156,197,565. 9.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PLTR. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Finally, Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Stock Performance

Shares of PLTR opened at $172.55 on Tuesday. The firm has a market capitalization of $414.65 billion, a P/E ratio of 147.48, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The stock has a 50 day moving average price of $135.32 and a two-hundred day moving average price of $140.01.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $0.16 earnings per share. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.26 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’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

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.