Engineers Gate Manager LP Trims Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Engineers Gate Manager LP reduced its Palantir stake by 18.5% in the second quarter, selling 6,446 shares and retaining 28,360 shares valued at approximately $3.31 million. Institutional investors collectively own 45.65% of the company.
• Palantir insiders sold substantial shares, including CEO Alexander Karp’s sale of 492,348 shares worth about $86.1 million. Insiders sold roughly $116.9 million of stock over the last quarter, though the transactions were conducted under pre-arranged plans to cover tax obligations.
• Palantir reported stronger-than-expected quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41 versus the $0.34 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $194.04, while the stock’s elevated valuation remains a concern.

Engineers Gate Manager LP decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,360 shares of the company's stock after selling 6,446 shares during the period. Engineers Gate Manager LP's holdings in Palantir Technologies were worth $3,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the fourth quarter worth $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $31,000. Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares of the company's stock, valued at $10,170,035.93. This trade represents a 3.41% decrease in their position. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 720,027 shares of company stock worth $116,879,340. Insiders own 9.53% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $167.23 on Monday. The stock has a market capitalization of $401.86 billion, a price-to-earnings ratio of 142.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.62. The business has a 50-day moving average of $154.83 and a 200 day moving average of $144.89. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's quarterly revenue was up 92.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Capital assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating on the stock. Citigroup lowered shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Friday. UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Finally, Piper Sandler restated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $194.04.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: At AIPCon 11, Palantir showcased customers—including NVIDIA, the FAA, Cisco, L3Harris and Novartis—using its Foundry and Artificial Intelligence Platform to move AI applications into production. The demonstrations reinforce the company’s argument that it is becoming an operating layer for enterprise and government AI. Palantir Puts Its Momentum on Display
• Positive Sentiment: NVIDIA and Palantir announced a sovereign-AI supply-chain collaboration that combines NVIDIA’s models and optimization software with Palantir Foundry, AIP and Ontology. NVIDIA will initially use the system in its own operations, providing a high-profile reference customer and potential pathway to broader industrial adoption. NVIDIA and Palantir Bring Sovereign Intelligence to Critical Supply Chains
• Positive Sentiment: D.A. Davidson raised its PLTR price target from $200 to $250 and maintained a bullish view centered on “AI sovereignty.” Rosenblatt also reaffirmed a Buy rating with a $225 target, potentially supporting the stock after the AIPCon announcements. Palantir Stock Price Target Boosted to $250
• Positive Sentiment: Palantir’s growth outlook remains strong: U.S. commercial revenue grew 149% year over year in the second quarter, while full-year guidance calls for at least 134% growth in that segment and approximately 82% company-wide growth in 2026. The company also won a $127 million U.S. Army TITAN production contract, expanding its defense role. Palantir Growth Target
• Positive Sentiment: Palantir deepened commercial reach through renewed agreements with Fujitsu in Japan and a cybersecurity initiative with Method Security, broadening its ecosystem and international deployment opportunities. Palantir and Fujitsu Deepen Partnership
• Neutral Sentiment: Investor attention is elevated, but market-wide concerns about inflation, higher oil prices and interest-rate uncertainty could limit gains in high-growth technology stocks.
• Negative Sentiment: Palantir’s roughly $402 billion market capitalization and approximately 143 price-to-earnings ratio leave little room for execution mistakes. Analysts continue to debate whether the company’s rapid growth is already reflected in the stock price.
• Negative Sentiment: Michael Burry closed some bearish PLTR put positions but continues to hold longer-dated Palantir puts, signaling that concerns over stretched AI valuations remain. Michael Burry Dumps PLTR December Puts

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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