HighTower Advisors LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,258 shares of the company’s stock after selling 9,087 shares during the period. HighTower Advisors LLC’s holdings in Palantir Technologies were worth $79,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of PLTR. BLB&B Advisors LLC boosted its position in shares of Palantir Technologies by 26.6% during the second quarter. BLB&B Advisors LLC now owns 6,170 shares of the company’s stock worth $720,000 after acquiring an additional 1,297 shares during the last quarter. Convergence Financial LLC increased its holdings in Palantir Technologies by 95.0% in the 2nd quarter. Convergence Financial LLC now owns 21,863 shares of the company’s stock valued at $2,551,000 after acquiring an additional 10,654 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Palantir Technologies by 8.9% in the 2nd quarter. Gryphon Financial Partners LLC now owns 26,173 shares of the company’s stock valued at $3,054,000 after acquiring an additional 2,142 shares during the last quarter. GWN Securities Inc. lifted its stake in Palantir Technologies by 12.2% in the 2nd quarter. GWN Securities Inc. now owns 6,343 shares of the company’s stock worth $740,000 after purchasing an additional 690 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Palantir Technologies in the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Insider Buying and Selling
In other news, insider Shyam Sankar sold 35,000 shares of the 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 sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 228,608 shares of company stock worth $30,810,313 over the last three months. 9.53% of the stock is owned by insiders.
Trending Headlines about Palantir Technologies
- Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
- Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir’s Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
- Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
- Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here’s the Data
- Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
- Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
- Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on PLTR. UBS Group set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Phillip Securities increased their price target on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a report on Thursday, July 30th. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average price target of $192.19.
View Our Latest Research Report on Palantir Technologies
Palantir Technologies Price Performance
Shares of PLTR stock opened at $175.19 on Thursday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The stock’s 50 day simple moving average is $137.01 and its two-hundred day simple moving average is $140.27. The company has a market cap of $420.99 billion, a PE ratio of 149.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.59.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced 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. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Equities research analysts expect 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.
Featured Stories
- Five stocks we like better than Palantir Technologies
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
