Palantir Technologies Inc. $PLTR Shares Sold by Field & Main Bank

Field & Main Bank trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 63.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,695 shares of the company’s stock after selling 2,915 shares during the quarter. Field & Main Bank’s holdings in Palantir Technologies were worth $198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth about $31,000. Wexford Capital LP purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at about $36,000. Prudent Man Investment Management Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $35,000. Finally, Monetary Solutions Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.2%

PLTR opened at $186.29 on Friday. The company has a market cap of $447.67 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 2.63 and a beta of 1.59. The firm’s fifty day simple moving average is $143.76 and its two-hundred day simple moving average is $142.05. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. During the same period last year, the company posted $0.16 EPS. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies News Roundup

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

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Wolfe Research began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Finally, Phillip Securities lifted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Insider Transactions 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 sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Jeffrey Buckley sold 2,055 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 721,764 shares of company stock worth $117,080,858. Company insiders own 9.53% of the company’s stock.

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.