Triumph Capital Management Sells 6,649 Shares of Palantir Technologies Inc. $PLTR

Triumph Capital Management lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 34.3% during the second quarter, Holdings Channel reports. The institutional investor owned 12,721 shares of the company’s stock after selling 6,649 shares during the quarter. Triumph Capital Management’s holdings in Palantir Technologies were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PLTR. Norges Bank bought a new position in Palantir Technologies in the fourth quarter valued at approximately $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $1,574,111,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. State Street Corp boosted its holdings in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. boosted its holdings in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after buying an additional 5,938,343 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $186.38 on Tuesday. The business has a fifty day simple moving average of $145.10 and a two-hundred day simple moving average of $142.38. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market capitalization of $447.88 billion, a price-to-earnings ratio of 159.30, a P/E/G ratio of 2.63 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Defense and AI growth remain the key catalysts. Palantir’s Pentagon business is reportedly approaching a $1 billion annual run rate, while recent quarterly revenue rose 92.8% year over year to $1.94 billion and earnings exceeded expectations. The Maven AI platform and continued U.S. government demand are strengthening the growth story. Palantir’s $448 Billion Valuation Still Isn’t Scaring Baird
• Positive Sentiment: Analyst sentiment remains favorable. Baird reaffirmed an Outperform rating, arguing that Palantir is well positioned to benefit from enterprise and government AI adoption. Comparisons with BigBear.ai also favored Palantir because of its faster growth, profitability and strong cash generation. Wall Street analyst updates Palantir stock price target
• Positive Sentiment: Broader software-sector sentiment has improved. A rebound in software stocks and evidence that AI is boosting rather than eroding demand have eased “SaaSpocalypse” concerns, providing a favorable backdrop for PLTR. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Valuation is the central debate. Bullish investors see a potential path toward $300 by 2027 if revenue guidance continues to rise, but the stock’s roughly $448 billion market value and price-to-earnings ratio near 190 leave limited room for execution disappointments. Could This Be the Next AI Giant?
• Negative Sentiment: Political scrutiny could create headline and contract risk. Palantir is reportedly broadening its political donations ahead of the 2026 U.S. midterms as it seeks relationships across Washington, but potential changes in congressional control and increased oversight of defense and data contractors could weigh on sentiment. Palantir Courts Democrats Ahead of 2026 Midterms

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 sale, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 720,166 shares of company stock worth $116,825,178 in the last quarter. Corporate insiders own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Phillip Securities upped their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Wedbush started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating for the company. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.