Diversified Trust Co. Lowers Stake in Palantir Technologies Inc. $PLTR

Key Points

• Diversified Trust Co. reduced its Palantir stake by 42.4% in the second quarter, selling 18,776 shares and retaining 25,487 shares worth approximately $2.97 million. Institutional investors collectively own 45.65% of Palantir.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and earnings of $0.41 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $192.19.
• Valuation and insider selling remain risks: the stock carries a market capitalization of about $418 billion and a P/E ratio near 149, while insiders sold more than 1.15 million shares worth approximately $156.2 million over the past 90 days.

Diversified Trust Co. cut its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 42.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,487 shares of the company's stock after selling 18,776 shares during the period. Diversified Trust Co.'s holdings in Palantir Technologies were worth $2,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter worth $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after acquiring an additional 4,722 shares during the period. Schnieders Capital Management LLC. grew its position in shares of Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $315,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Insider Activity

In related news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 592 shares of the company's stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $174.04 on Monday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The business's 50 day moving average is $134.60 and its two-hundred day moving average is $139.96. The stock has a market capitalization of $418.23 billion, a P/E ratio of 148.75, a PEG ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler restated an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Mizuho upped their target price on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Citigroup cut shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Finally, DZ Bank assumed coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective 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 issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Company 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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