Palantir Technologies Inc. $PLTR Shares Sold by Atwood & Palmer Inc.

Atwood & Palmer Inc. lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 428,247 shares of the company’s stock after selling 8,012 shares during the quarter. Palantir Technologies accounts for approximately 4.3% of Atwood & Palmer Inc.’s portfolio, making the stock its 2nd biggest position. Atwood & Palmer Inc.’s holdings in Palantir Technologies were worth $80,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter worth $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $31,000. Whipplewood Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at $32,000. Prudent Man Investment Management Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at $35,000. Finally, Reflection Asset Management purchased a new position in Palantir Technologies in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 35,000 shares of the company’s 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 completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This trade represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 536,364 shares of company stock worth $93,083,303 over the last 90 days. 9.53% of the stock is owned by corporate insiders.

Trending Headlines about 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 said demand for sovereign AI, bespoke software and specialized industry applications could significantly expand Palantir’s addressable market. Goldman Sachs upgrades Palantir to Buy with $230 target
• Positive Sentiment: The upgrade reinforces the view that Palantir’s AI opportunity extends beyond its existing government and commercial software businesses. Coverage highlighted sovereign AI—countries and organizations controlling their own infrastructure, data and models—as a potential new growth market. Palantir gets Goldman Sachs upgrade as sovereign AI opens a new market
• Positive Sentiment: Reports on Palantir’s Maven expansion and its partnership-oriented sovereign-AI strategy suggest the company is seeking to broaden deployments across defense and other strategic customers. Investors view this as evidence that its platforms may scale into larger, mission-critical contracts. What does Palantir Maven expansion mean for AI growth?
• Positive Sentiment: Other bullish commentary, including Dan Ives’ selection of Palantir as a top AI stock, is adding momentum to the narrative that enterprise and government AI spending remains in its early stages. Dan Ives names Palantir a top AI pick
• Neutral Sentiment: The bullish thesis comes with a demanding valuation: Palantir trades at roughly 170 times earnings based on the provided background data. Investors will likely require continued exceptional revenue growth and contract momentum to justify the premium multiple.
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Palantir rating lowered to Hold by Zacks
• Negative Sentiment: Recent reporting also points to substantial insider selling, with executives selling shares but making no reported open-market purchases over the past six months. Separately, Michael Burry has reportedly used longer-dated put options against Palantir, reflecting concerns about AI-sector valuations and a potential slowdown.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. BTIG Research cut Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. DA Davidson increased their price target on Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Wolfe Research started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research report on Tuesday, August 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.75.

Palantir Technologies Price Performance

Shares of PLTR traded up $4.66 during mid-day trading on Thursday, reaching $198.78. The company’s stock had a trading volume of 41,797,813 shares, compared to its average volume of 42,837,207. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock has a market cap of $477.68 billion, a PE ratio of 169.90, a price-to-earnings-growth ratio of 2.70 and a beta of 1.60. The company’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 for the quarter, topping the consensus estimate 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 firm’s revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Palantir Technologies Company Profile

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.