Palantir Technologies Inc. $PLTR Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,375 shares of the company’s stock after selling 3,840 shares during the period. Hollencrest Capital Management’s holdings in Palantir Technologies were worth $3,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after acquiring an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares in the last quarter. Norges Bank purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $5,149,641,000. Finally, Invesco Ltd. increased its holdings in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Finally, Wedbush started coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $186.29 on Friday. The business’s fifty day moving average price is $143.76 and its 200 day moving average price is $142.05. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market capitalization of $447.67 billion, a PE ratio of 159.22, a P/E/G ratio of 2.63 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last released its 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. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir’s Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles’ Heel

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares in the company, valued at $8,927,655. This trade represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the completion of the sale, the insider owned 599,899 shares of the company’s stock, valued at $77,986,870. This trade represents a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 721,764 shares of company stock worth $117,080,858. 9.53% of the stock is owned by company insiders.

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.