Palantir Technologies Inc. $PLTR Stock Holdings Trimmed by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 63.1% in the second quarter, HoldingsChannel reports. The fund owned 2,177 shares of the company’s stock after selling 3,724 shares during the period. Halter Ferguson Financial Inc.’s holdings in Palantir Technologies were worth $254,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PLTR. Milestone Asset Management LLC increased its holdings in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after buying an additional 42,173 shares in the last quarter. VCI Wealth Management LLC boosted its stake in shares of Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after acquiring an additional 3,621 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies in the 4th quarter worth $222,143,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. Finally, Optas LLC raised its position in shares of Palantir Technologies by 55.2% during the fourth quarter. Optas LLC now owns 18,647 shares of the company’s stock worth $3,315,000 after purchasing an additional 6,633 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. 9.53% of the stock is owned by insiders.

Palantir Technologies Price Performance

PLTR opened at $174.04 on Monday. The stock has a fifty day moving average of $134.60 and a 200-day moving average of $139.96. The firm has a market capitalization of $418.23 billion, a P/E ratio of 148.75, a PEG ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLTR shares. William Blair started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “neutral” rating for the company. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research note on Tuesday, August 11th. Wedbush started coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating on the stock. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Palantir Technologies Company 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.