Palantir Technologies Inc. $PLTR Stock Position Reduced by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,853 shares of the company’s stock after selling 10,293 shares during the period. Palantir Technologies makes up approximately 4.9% of Van Cleef Asset Management Inc’s portfolio, making the stock its 6th largest position. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $47,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLTR. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $29,000. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $29,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were 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 owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. This trade represents a 5.31% 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. Insiders have sold a total of 1,150,302 shares of company stock worth $156,197,565 over the last 90 days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 0.9%

Shares of PLTR opened at $172.55 on Tuesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm has a market capitalization of $414.65 billion, a price-to-earnings ratio of 147.48, a PEG ratio of 2.48 and a beta of 1.59. The firm’s fifty day simple moving average is $135.32 and its 200-day simple moving average is $140.01.

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

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.50 to $133.00 in a report on Monday, June 29th. DA Davidson increased their target price on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 11th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

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.