2,754 Palantir Technologies Inc. $PLTR Shares Sold by Triumph Capital Management

Triumph Capital Management trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,967 shares of the company’s stock after selling 2,754 shares during the period. Triumph Capital Management’s holdings in Palantir Technologies were worth $1,864,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Monetary Solutions Ltd purchased a new position in Palantir Technologies during the fourth quarter valued at $36,000. Reflection Asset Management purchased a new stake in Palantir Technologies in the fourth quarter worth about $35,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth about $29,000. Retirement Wealth Solutions LLC increased its position in Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after buying an additional 74 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after buying an additional 149 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PLTR shares. Mizuho lifted their price objective on Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Thursday, October 8th. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Raymond James Financial upgraded shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Finally, Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $200.54.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director directly owned 46,402 shares of the company’s stock, valued at $9,233,998. This trade represents a 9.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the sale, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. The trade was a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 559,390 shares of company stock worth $97,704,177. Insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $7.70 during trading on Wednesday, hitting $200.97. 24,046,176 shares of the company’s stock were exchanged, compared to its average volume of 42,498,117. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The business’s 50-day simple moving average is $180.59 and its 200 day simple moving average is $150.98. The company has a market cap of $482.94 billion, a price-to-earnings ratio of 171.77, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.16 EPS. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to support rapid U.S. commercial growth, with rising revenue and contract values signaling strong enterprise demand for AI software. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas adds a potential sovereign-AI and defense growth channel. The partnership is intended to support specialized AI models for drones, surveillance, ground vehicles and unmanned systems. Regna AI opportunity
• Positive Sentiment: Palantir’s operating results remain a key bullish argument: the latest quarter included revenue growth of 92.8% year over year and earnings above consensus, while management previously raised fiscal 2026 revenue guidance. Palantir AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. The resolution removes litigation uncertainty, although it does not confirm that Palantir will receive the contract. London police contract dispute
• Negative Sentiment: Valuation is limiting enthusiasm. With Palantir trading at a very high earnings multiple after a powerful rally, investors fear that much of the expected AI and defense growth is already reflected in the stock price. The upcoming earnings release therefore sets a particularly high bar. Palantir earnings expectations
• Negative Sentiment: Recent insider selling is an additional sentiment headwind. A director sold approximately $1.0 million of shares and another insider sold about $3.6 million, though both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider selling
• Negative Sentiment: Phillip Securities downgraded Palantir from “strong buy” to “hold,” while prominent investor Michael Burry’s reported bearish stance reinforces concerns that AI enthusiasm may have pushed software valuations too far. Palantir analyst downgrade

Palantir Technologies 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.