5,608 Palantir Technologies Inc. $PLTR Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.9% in the third quarter, HoldingsChannel reports. The firm owned 41,708 shares of the company’s stock after selling 5,608 shares during the period. Valeo Financial Advisors LLC’s holdings in Palantir Technologies were worth $7,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PLTR. Guardian Wealth Advisors LLC NC boosted its holdings in 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 buying an additional 4,283 shares during the last quarter. Independent Financial Group LLC lifted its position in shares of Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after acquiring an additional 32,427 shares in the last quarter. World Equity Group Inc. boosted its stake in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after acquiring an additional 2,948 shares during the last quarter. Sage Capital Advisors llc increased its position in shares of Palantir Technologies by 63.5% during the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after purchasing an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. acquired a new position in Palantir Technologies in the 2nd quarter valued at $539,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. DA Davidson raised their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Finally, Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.30.

Palantir Technologies Price Performance

PLTR traded up $1.80 during trading hours on Thursday, reaching $195.92. The company’s stock had a trading volume of 31,825,891 shares, compared to its average volume of 42,779,945. The stock has a market cap of $470.81 billion, a PE ratio of 167.95, a P/E/G ratio of 2.70 and a beta of 1.60. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The business’s 50-day moving average is $174.75 and its 200-day moving average is $149.54.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. Analysts expect that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Alexander C. Karp sold 492,348 shares of the company’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 transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 536,364 shares of company stock valued at $93,083,303 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges cited a significant expansion in Palantir’s addressable market, driven by demand for sovereign AI, bespoke software applications and specialized industry solutions. Palantir shares rise over 3% after Goldman Sachs upgrade
• Positive Sentiment: The upgrade suggests Palantir may be expanding beyond its traditional government and enterprise software markets. Goldman believes the company’s business model, customer relationships and AI deployment capabilities can help it maintain an advantage over competitors. Why a longtime skeptic of Palantir’s stock is finally saying it’s time to buy
• Positive Sentiment: Additional bullish commentary from Dan Ives and other analysts highlighted sovereign AI, strong U.S. enterprise demand and a potentially large multiyear AI spending cycle. These calls strengthened investor confidence ahead of Palantir’s next quarterly report. What Is Going on With Palantir Tech Stock on Thursday?
• Neutral Sentiment: Palantir’s valuation remains demanding, with a very high earnings multiple. Investors are also monitoring substantial insider selling, while institutional ownership activity has been mixed.
• Negative Sentiment: Zacks Research separately lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Concerns about valuation, execution expectations and potential AI competition could limit further gains if growth momentum slows. Palantir Technologies Stock Dropped to Hold by Zacks Research

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.