Palantir Technologies Inc. $PLTR Position Decreased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott reduced its Palantir stake by 8.6% in the second quarter, selling 41,532 shares and retaining 440,180 shares worth approximately $51.4 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir insiders sold 228,608 shares worth $30.8 million over the past 90 days, including sales by Director Lauren Friedman Stat and insider Shyam Sankar under pre-arranged Rule 10b5-1 plans.
• Despite the selling, Palantir reported strong 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 $192.19, though the stock’s high valuation remains a key risk.

Janney Montgomery Scott LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440,180 shares of the company's stock after selling 41,532 shares during the period. Janney Montgomery Scott LLC's holdings in Palantir Technologies were worth $51,356,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC grew its position in 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 buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its holdings 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 valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after buying an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at $315,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was 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 directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 0.6%

Shares of NASDAQ:PLTR opened at $171.54 on Wednesday. The company's fifty day moving average is $136.11 and its two-hundred day moving average is $140.11. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market cap of $412.22 billion, a P/E ratio of 146.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the firm posted $0.16 earnings per share. Palantir Technologies's revenue was up 92.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. Roth Capital assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. Citigroup lowered Palantir Technologies from a "buy" rating to a "market perform" rating in a research report on Tuesday, August 4th. Wedbush began coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an "outperform" rating for the company. Jefferies Financial Group reiterated an "underperform" rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, BTIG Research cut Palantir Technologies to a "neutral" rating in a research note on Tuesday, June 16th. 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 stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and an average price target of $192.19.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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