7,405 Palantir Technologies Inc. $PLTR Shares Sold by Meridian Investment Counsel Inc.

Key Points

• Meridian Investment Counsel reduced its Palantir stake by 16.9%, selling 7,405 shares and retaining 36,510 shares valued at approximately $6.83 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and earnings exceeding estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $200.54.
• Valuation and selling pressure remain key risks: shares trade at a price-to-earnings ratio of about 171.8, while insiders sold roughly $97.9 million of stock over the past three months ahead of the company’s expected November 2 earnings report.

Meridian Investment Counsel Inc. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,510 shares of the company's stock after selling 7,405 shares during the period. Palantir Technologies accounts for approximately 1.5% of Meridian Investment Counsel Inc.'s portfolio, making the stock its 8th largest holding. Meridian Investment Counsel Inc.'s holdings in Palantir Technologies were worth $6,829,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PLTR. Ring Mountain Capital LLC grew its stake in Palantir Technologies by 1.0% in the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock worth $1,109,000 after acquiring an additional 60 shares during the period. BCGM Wealth Management LLC lifted its stake in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after purchasing an additional 64 shares during the period. JDM Financial Group LLC lifted its stake in shares of Palantir Technologies by 20.9% during the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock worth $45,000 after purchasing an additional 67 shares during the period. LifeSteps Financial Inc. lifted its stake in shares of Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock worth $217,000 after purchasing an additional 69 shares during the period. Finally, IFC & Insurance Marketing Inc. lifted its stake in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock worth $264,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Wolfe Research initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 4th. Finally, William Blair reissued an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $200.97 on Thursday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a 50 day moving average price of $181.44 and a 200 day moving average price of $151.35. 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 - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at approximately $710,325. This trade represents a 22.40% 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 Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% 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. Over the last three months, insiders sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is owned by corporate insiders.

About Palantir Technologies

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.

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