Palantir Technologies Inc. $PLTR Stock Holdings Lessened by Meridian Wealth Management LLC

Meridian Wealth Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.3% in the second quarter, Holdings Channel.com reports. The firm owned 96,261 shares of the company’s stock after selling 34,298 shares during the period. Meridian Wealth Management LLC’s holdings in Palantir Technologies were worth $11,231,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter worth about $29,000. Morton Brown Family Wealth LLC lifted its stake in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $32,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target for the company. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $175.19 on Thursday. The firm has a 50-day moving average of $137.01 and a 200-day moving average of $140.27. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company has a market cap of $420.99 billion, a price-to-earnings ratio of 149.74, a P/E/G ratio of 2.43 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company 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%.Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• 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

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the sale, the insider owned 599,899 shares in the company, valued at $77,986,870. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. The trade was 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. Over the last ninety days, insiders sold 228,608 shares of company stock valued at $30,810,313. Insiders own 9.53% of the company’s stock.

About Palantir Technologies

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.