Plimoth Trust Co. LLC Has $1.26 Million Stock Position in Palantir Technologies Inc. $PLTR

Plimoth Trust Co. LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 64.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,840 shares of the company’s stock after acquiring an additional 4,258 shares during the period. Plimoth Trust Co. LLC’s holdings in Palantir Technologies were worth $1,265,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLTR. Summit Financial Strategies Inc. lifted its position in shares of Palantir Technologies by 5.3% in the second quarter. Summit Financial Strategies Inc. now owns 2,509 shares of the company’s stock valued at $293,000 after buying an additional 127 shares during the last quarter. Concorde Asset Management LLC increased its holdings in shares of Palantir Technologies by 9.6% during the 2nd quarter. Concorde Asset Management LLC now owns 9,865 shares of the company’s stock worth $1,151,000 after acquiring an additional 866 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in Palantir Technologies by 5.7% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,212 shares of the company’s stock valued at $2,241,000 after acquiring an additional 1,041 shares during the period. NorthRock Partners LLC raised its stake in Palantir Technologies by 0.4% in the 2nd quarter. NorthRock Partners LLC now owns 31,213 shares of the company’s stock valued at $3,642,000 after acquiring an additional 115 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in Palantir Technologies by 11.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 185,422 shares of the company’s stock valued at $21,633,000 after purchasing an additional 19,340 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, insider Shyam Sankar sold 35,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. The trade was a 5.16% 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. Insiders have sold 721,508 shares of company stock worth $117,070,093 in the last ninety days. 9.53% of the stock is owned by company insiders.

More Palantir Technologies News

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 NVIDIA GPU capacity, while Palantir supplies its AIP, Foundry, and Apollo software. The arrangement could help enterprises keep sensitive data and models within approved jurisdictions, while allowing Palantir to expand without funding costly data-center infrastructure. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: The partnership reinforces Palantir’s enterprise-AI growth narrative. Investors see potential for multi-year software agreements as data-residency rules and security requirements increase demand for localized computing and private model deployment. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Recent fundamentals remain strong: Palantir’s latest quarterly revenue rose nearly 93% year over year, and earnings exceeded consensus expectations. Those results drove a sharp August rally and continue to support the bullish case. Why Palantir Rallied Over 50% in August
• Neutral Sentiment: Technology-sector strength provided a supportive backdrop, but the broader market move does not address company-specific concerns about Palantir’s valuation or future catalysts. Sector Update: Tech Stocks Rise Late Afternoon
• Negative Sentiment: ARK Invest, led by Cathie Wood, continued trimming Palantir while reallocating capital toward Archer Aviation and other holdings. The selling adds near-term supply and may signal profit-taking after the stock’s steep run. Cathie Wood Bets on Archer Aviation, Trims Palantir
• Negative Sentiment: Analysts and commentators continue to warn that Palantir’s valuation—approximately 145.6 times earnings—leaves little room for execution mistakes. A downgrade citing a lack of fresh catalysts has amplified concerns that expectations have outpaced near-term fundamentals. Palantir Is Out of Catalysts
• Negative Sentiment: Michael Burry’s bearish criticism has resurfaced, questioning whether Palantir’s economics resemble a high-margin software company or a consulting-led business. Reports of insider selling and concerns about customer concentration add to the risk debate. Michael Burry Predicts 75% Crash for Palantir

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLTR shares. UBS Group set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. DA Davidson raised their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, 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. Two research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Palantir Technologies Trading Down 2.3%

Shares of NASDAQ:PLTR opened at $170.30 on Wednesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a market cap of $409.24 billion, a PE ratio of 145.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62. The company’s 50 day moving average is $152.46 and its 200 day moving average is $144.17.

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

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.