HighTower Advisors LLC Sells 9,087 Shares of Palantir Technologies Inc. $PLTR

Key Points

• HighTower Advisors reduced its Palantir position by 1.3%, selling 9,087 shares and retaining 682,258 shares valued at approximately $79.6 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly performance, with revenue rising 92.8% year over year to $1.94 billion and adjusted earnings of $0.41 per share, exceeding analyst estimates.
• Despite a “Moderate Buy” consensus and continued AI-driven growth optimism, valuation remains a key risk; the stock trades at a P/E ratio near 150, while insiders sold more than 228,000 shares worth about $30.8 million over the past quarter.

HighTower Advisors LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 682,258 shares of the company's stock after selling 9,087 shares during the period. HighTower Advisors LLC's holdings in Palantir Technologies were worth $79,599,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BCGM Wealth Management LLC lifted its stake in shares of Palantir Technologies by 2.0% in the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after purchasing an additional 64 shares during the period. CYBER HORNET ETFs LLC grew its position in Palantir Technologies by 1.2% during the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock valued at $966,000 after buying an additional 65 shares during the period. Verdence Capital Advisors LLC grew its position in Palantir Technologies by 0.4% during the fourth 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. Financial Partners Group Inc grew its position in Palantir Technologies by 1.8% during the fourth quarter. Financial Partners Group Inc now owns 3,802 shares of the company's stock valued at $676,000 after buying an additional 68 shares during the period. Finally, LifeSteps Financial Inc. increased its holdings in Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after buying an additional 69 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
• Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
• Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
• Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here's the Data
• Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
• Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
• Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. BTIG Research downgraded shares of Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Piper Sandler reissued an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. UBS Group set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Finally, William Blair assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 150,000 shares of the firm's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the sale, the insider directly owned 599,899 shares of the company's stock, valued at $77,986,870. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 2.1%

NASDAQ PLTR opened at $175.19 on Thursday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The stock has a market cap of $420.99 billion, a price-to-earnings ratio of 149.74, a PEG ratio of 2.43 and a beta of 1.59. The company's 50 day moving average is $137.01 and its two-hundred day moving average is $140.27.

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 for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company's revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

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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