Arizona State Retirement System Reduces Holdings in Palantir Technologies Inc. $PLTR

Arizona State Retirement System reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% during the second quarter, HoldingsChannel reports. The firm owned 604,307 shares of the company’s stock after selling 21,560 shares during the quarter. Arizona State Retirement System’s holdings in Palantir Technologies were worth $70,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Wealth Advisors LLC NC increased its position in shares of Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after purchasing an additional 4,283 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Palantir Technologies by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock worth $14,092,000 after purchasing an additional 5,070 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after purchasing an additional 1,694 shares in the last quarter. Pacific Heights Asset Management LLC grew its stake in Palantir Technologies by 4.9% in the fourth quarter. Pacific Heights Asset Management LLC now owns 1,175,000 shares of the company’s stock worth $208,856,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Palantir Technologies in the fourth quarter valued at about $1,511,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLTR. Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald initiated coverage on 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir named Nebius Group (NASDAQ: NBIS) its preferred sovereign-AI infrastructure partner. Nebius will provide dedicated GPU computing and inference capacity within Palantir’s security perimeter, while Palantir supplies its Foundry and Apollo software. The arrangement could help Palantir win regulated enterprise, government and defense business without investing heavily in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: The partnership supports Palantir’s pitch that customers can retain control of their data, models and computing resources rather than rely on variable pay-per-token fees or shared public clouds. It may also improve access to markets with strict data-residency requirements. Palantir Wants to Kill the Pay-Per-Token AI Economy
• Neutral Sentiment: Palantir’s strong operating momentum remains a key part of the investment case: its latest reported quarter showed revenue growth of nearly 93% year over year and earnings above consensus. However, investors still need evidence that the Nebius relationship converts into material contracts and recurring revenue. Palantir Surged 51% in August
• Negative Sentiment: Sentiment was pressured by concerns that Palantir’s valuation—approximately 146 times earnings based on the supplied data—already discounts substantial future growth. A Seeking Alpha downgrade argued that the company may be running short of near-term catalysts. Palantir Is Out of Catalysts
• Negative Sentiment: Ark Invest reduced its Palantir position, while renewed criticism from Michael Burry focused on stock-based compensation, customer concentration and whether Palantir’s economics resemble consulting more than high-margin software. These actions reinforce concerns about profit quality and downside risk after the recent rally. Cathie Wood Dumps $25 Million of Palantir Shares

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Friedman Stat sold 1,342 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the sale, the director directly owned 52,765 shares of the company’s stock, valued at $9,629,612.50. This trade represents a 2.48% 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 Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% 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. In the last 90 days, insiders sold 721,508 shares of company stock worth $117,070,093. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 2.3%

PLTR traded down $4.03 on Tuesday, hitting $170.30. 24,515,640 shares of the company’s stock were exchanged, compared to its average volume of 45,417,898. The stock has a fifty day moving average of $151.39 and a two-hundred day moving average of $143.92. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm has a market cap of $409.24 billion, a PE ratio of 145.56, a P/E/G ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last issued 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 period in the previous year, the firm posted $0.16 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

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.