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

Key Points

• Allen Mooney & Barnes Investment Advisors cut its Palantir stake by 67%, selling 5,350 shares and retaining 2,632 shares valued at approximately $307,000. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with EPS of $0.41 versus the $0.34 consensus and revenue of $1.94 billion, up 92.8% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $192.19.
• Shares traded near $182.53 amid significant growth expectations, but valuation and competition remain risks: Palantir’s market capitalization is $438.63 billion and its P/E ratio is 156.01, while analysts have raised concerns about competing government AI tools and insider selling.

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 67.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,632 shares of the company's stock after selling 5,350 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Palantir Technologies were worth $307,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PLTR. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. Whipplewood Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

• Positive Sentiment: Expanded PwC alliance supports enterprise growth. Palantir and PwC will collaborate on scaling enterprise AI, mergers-and-acquisitions transformation and ERP modernization. The partnership could help Palantir reach more corporate customers and convert AI interest into larger, recurring deployments. PwC and Palantir Expand Strategic Alliance to Help Organizations Scale Enterprise AI
• Positive Sentiment: Palantir’s implementation model is gaining industry recognition. A Fortune report noted that technology companies are increasingly adopting Palantir’s “forward-deployed engineer” approach, placing engineers directly with customers to implement AI systems. This may reinforce the company’s competitive positioning, although it also highlights a potentially labor-intensive delivery model. One of the Fastest-Growing Jobs in Silicon Valley
• Neutral Sentiment: Management continues promoting proprietary AI advantages. CEO Alex Karp argued that the key risk in enterprise AI is exposing a company’s proprietary “alpha,” rather than simply leaking data. The comments support Palantir’s emphasis on secure, customized AI deployments but do not represent a new contract or financial forecast. Palantir’s Alex Karp: The Real AI Leak Isn’t Data, It’s Your Alpha
• Negative Sentiment: Competition and valuation remain major risks. Analysts pointed to Google’s new government-focused AI tools as a potential threat to Palantir’s lucrative public-sector business. Separately, Burry renewed his criticism, alleging weakening bargaining power and channel stuffing and warning that Palantir resembles an AI-FOMO bubble. With a market capitalization above $400 billion and a triple-digit P/E ratio, the stock remains highly sensitive to any slowdown in growth or margin expansion. What’s Bugging Palantir’s Stock?

Analysts Set New Price Targets

Several research analysts have recently weighed in on PLTR shares. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Wedbush initiated coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an "outperform" rating on the stock. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. DA Davidson upped their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies Trading Up 7.7%

Shares of PLTR stock opened at $182.53 on Friday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm's fifty day moving average price is $148.99 and its two-hundred day moving average price is $143.33. The firm has a market capitalization of $438.63 billion, a P/E ratio of 156.01, a PEG ratio of 2.40 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during 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%. The company's quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In related news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, the insider 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 is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,342 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the sale, the director owned 52,765 shares of the company's stock, valued at approximately $9,629,612.50. This represents a 2.48% 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 quarter, insiders have sold 721,508 shares of company stock valued at $117,070,093. Company insiders own 9.53% of the company's stock.

Palantir Technologies Profile

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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