Cardano Risk Management B.V. Sells 10,922 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Cardano Risk Management B.V. reduced its Palantir stake by 1.6%, selling 10,922 shares and retaining 686,694 shares valued at approximately $80.1 million. Institutional investors own 45.65% of the company.
• Palantir reported strong second-quarter results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations. Analysts have raised earnings forecasts, and the stock carries a “Moderate Buy” consensus rating with a $190.73 average price target.
• Valuation and insider selling remain key risks: Palantir trades at a price-to-earnings ratio of about 147, while insiders sold more than 1.1 million shares worth roughly $150.7 million over the past quarter.

Cardano Risk Management B.V. reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 686,694 shares of the company's stock after selling 10,922 shares during the quarter. Cardano Risk Management B.V.'s holdings in Palantir Technologies were worth $80,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcend Capital Advisors LLC increased its stake in Palantir Technologies by 0.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company's stock valued at $1,890,000 after purchasing an additional 60 shares in the last quarter. San Luis Wealth Advisors LLC raised its holdings in Palantir Technologies by 1.6% in the fourth quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company's stock worth $726,000 after purchasing an additional 63 shares during the period. Monument Capital Management boosted its position in shares of Palantir Technologies by 1.2% during the fourth quarter. Monument Capital Management now owns 5,341 shares of the company's stock worth $949,000 after purchasing an additional 63 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Palantir Technologies by 1.2% during the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock worth $966,000 after purchasing an additional 65 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Palantir Technologies by 0.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company's stock valued at $3,124,000 after buying an additional 67 shares during the period. 45.65% of the stock is owned by institutional investors.

More Palantir Technologies News

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

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares of the company's stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction that occurred 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 in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 1,115,302 shares of company stock worth $150,748,065. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 10.3%

Shares of NASDAQ:PLTR opened at $172.01 on Friday. The firm has a market cap of $412.36 billion, a price-to-earnings ratio of 147.02, a PEG ratio of 2.50 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company's fifty day simple moving average is $131.76 and its 200 day simple moving average is $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during 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 company's revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Research analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. Piper Sandler restated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wedbush initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an "outperform" rating on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $204.00 target price on shares of Palantir Technologies in a research note on Tuesday. Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Tuesday. They issued an "overweight" rating for the company. Finally, William Blair started coverage on Palantir Technologies in a report on Tuesday. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $190.73.

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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