Allen Mooney & Barnes Investment Advisors LLC Sells 5,350 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Allen Mooney & Barnes Investment Advisors LLC cut its Palantir position by 67% in the second quarter, selling 5,350 shares and retaining 2,632 shares valued at approximately $307,000.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations.
• Despite a “Moderate Buy” analyst consensus and a $192.19 price target, valuation and insider selling remain concerns; the stock trades at about 146 times earnings, while insiders sold more than $156 million of shares over the past 90 days.

Allen Mooney & Barnes Investment Advisors LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 67.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,632 shares of the company's stock after selling 5,350 shares during the period. Allen Mooney & Barnes Investment Advisors LLC's holdings in Palantir Technologies were worth $307,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Palantir Technologies during the 4th quarter valued at $5,149,641,000. Jennison Associates LLC bought a new position in Palantir Technologies in the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its stake in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. State Street Corp boosted its stake in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. grew its holdings in shares of Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Exceptional Q2 results support the long-term growth narrative. Revenue rose 92.8% year over year to $1.94 billion, exceeding the $1.81 billion consensus estimate, while adjusted earnings of $0.41 per share topped expectations by $0.07. Coverage also highlights accelerating commercial AI demand and strong cash generation. Palantir Q2 2026 Earnings Call Transcript
• Positive Sentiment: Raised guidance and demand visibility remain important catalysts. Palantir increased its outlook again, with analysts estimating the upgrade could add approximately $362 million in second-half revenue. A substantial backlog and expanding U.S. commercial business reinforce expectations that growth may remain elevated. Prediction: Palantir Stock Will Trade at $300 in 2027
• Positive Sentiment: Some analysts believe Palantir’s strategic position justifies its premium. Bullish commentary points to the company’s role in commercial and defense AI, its customizable software platforms, and potential for continued revenue acceleration. Why Palantir’s Strategic Importance Justifies the Premium Valuation
• Neutral Sentiment: Macroeconomic data produced mixed signals. A relatively benign July CPI report supported the broader technology market, but increased expectations for a September Federal Reserve rate hike remain a potential headwind for expensive growth stocks. Tesla, Palantir Fall as CPI Sends September Fed Hike Odds Higher
• Negative Sentiment: Sector rotation is overshadowing company-specific fundamentals. Strong results from AI chip and optical-networking companies encouraged investors to favor infrastructure beneficiaries over software shares, pressuring Palantir and other enterprise software stocks. Palantir Stock Falls as AI Chip Rally Overshadows Strong Q2 Results
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at roughly 146 times earnings and about 68 times sales. Jefferies maintained an Underperform rating, warning that the current valuation assumes sustained exceptional growth. Heavy reliance on U.S. demand is another concentration risk. Jefferies Warning on Palantir Valuation
• Negative Sentiment: Prominent investors are taking bearish or profit-taking positions. Michael Burry reportedly added to his Palantir short exposure through long-dated puts, while ARK Invest sold shares after the earnings rally. These moves may increase volatility and reinforce concerns that the stock has become overextended. Michael Burry Adds to Palantir Shorts
• Negative Sentiment: Insider selling adds to investor caution. CTO Shyam Sankar sold approximately $5.45 million of stock under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a fundamental signal, but it follows a sharp rally and can contribute to profit-taking pressure. SEC Insider Sale Filing

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $5,449,500.00. Following the sale, the insider owned 642,786 shares of the company's stock, valued at $100,081,780.20. The trade was a 5.16% 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. Insiders have sold 1,150,302 shares of company stock worth $156,197,565 in the last 90 days. Corporate insiders own 9.53% of the company's stock.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. Piper Sandler restated an "overweight" rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. DA Davidson upped their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. DZ Bank started coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective on the stock. Roth Capital began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued an "overweight" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies Stock Down 2.2%

PLTR stock opened at $171.04 on Thursday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a market cap of $410.04 billion, a P/E ratio of 146.19, a PEG ratio of 2.49 and a beta of 1.59. The business has a fifty day moving average of $133.08 and a 200-day moving average of $139.85.

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 (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

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.

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