Rhodes Investment Advisors Inc. ADV Sells 3,710 Shares of Palantir Technologies Inc. $PLTR

Rhodes Investment Advisors Inc. ADV lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.9% in the third quarter, HoldingsChannel.com reports. The firm owned 8,290 shares of the company’s stock after selling 3,710 shares during the quarter. Rhodes Investment Advisors Inc. ADV’s holdings in Palantir Technologies were worth $1,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $31,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $35,000. Monetary Solutions Ltd purchased a new stake in Palantir Technologies during the fourth quarter worth approximately $36,000. Reflection Asset Management acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $35,000. Finally, Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $2.05 during midday trading on Wednesday, hitting $194.12. 15,686,216 shares of the company’s stock were exchanged, compared to its average volume of 42,842,438. 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 $466.48 billion, a price-to-earnings ratio of 165.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.60. The firm’s 50 day simple moving average is $173.33 and its 200 day simple moving average is $149.27.

Palantir Technologies (NASDAQ:PLTR) last announced 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. UBS Group increased their target price on shares of Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Piper Sandler reiterated an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating for the company. Finally, DA Davidson raised their price objective on Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.33.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the business’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 transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. The trade was a 5.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. 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. In the last ninety days, insiders sold 536,364 shares of company stock worth $93,083,303. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Veteran technology analyst Dan Ives named Palantir one of his top AI stock picks, arguing that a projected $4 trillion AI spending cycle remains in its early stages. The endorsement supports the view that Palantir could benefit from sustained enterprise and government AI investment. Dan Ives AI stock picks
• Positive Sentiment: Palantir’s partnership with Armada to deploy its Sovereign AI Operating System is reinforcing its push into air-gapped and sovereign infrastructure, potentially broadening demand beyond traditional government software. Palantir sovereign AI partnership
• Positive Sentiment: Analyst coverage remains broadly constructive. Zacks highlighted Wall Street’s optimistic view, while Ives reportedly initiated coverage favoring Palantir over Oracle. The bullish case is supported by Palantir’s recent earnings beat, 92.8% year-over-year revenue growth and strong profitability. Wall Street optimism on Palantir
• Neutral Sentiment: Investors are focused on the operating metric that will determine whether Palantir’s premium multiple can hold, particularly as costs rise and growth momentum potentially moderates. The company’s next results will be important for validating current expectations. Metric that could determine Palantir’s next move
• Negative Sentiment: Valuation remains the main risk. Articles note that PLTR trades at a substantial premium to the software sector, leaving limited room for execution misses or slower growth. Investor Michael Burry has also taken longer-dated bearish options positions on Palantir, citing concerns about an eventual AI downturn. Michael Burry bearish Palantir position
• Negative Sentiment: Director Lauren Friedman Stat sold 1,337 shares worth approximately $254,000 under a pre-arranged Rule 10b5-1 trading plan. The planned nature and relatively small size reduce the signal, but the sale adds to concerns about insider selling at elevated prices. Palantir director stock sale

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.