Palantir Technologies Inc. $PLTR Shares Sold by 49 Wealth Management LLC

49 Wealth Management LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 72.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,716 shares of the company's stock after selling 4,442 shares during the quarter. 49 Wealth Management LLC's holdings in Palantir Technologies were worth $200,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $450,000. Bison Wealth LLC lifted 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 valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. grew its position in 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 buying an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new position in Palantir Technologies during the second quarter valued at about $315,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their position. The sale 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. Also, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% 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 90 days, insiders sold 721,764 shares of company stock worth $117,080,858. Company insiders own 9.53% of the company's stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir's Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir's Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles' Heel

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $186.29 on Friday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The stock has a market capitalization of $447.67 billion, a PE ratio of 159.22, a price-to-earnings-growth ratio of 2.63 and a beta of 1.59. The business's 50-day simple moving average is $143.76 and its 200-day simple moving average is $142.05.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 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 analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm's revenue was up 92.8% on a year-over-year basis. On average, research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLTR. DA Davidson raised their price objective on Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Roth Capital assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Phillip Securities raised their target price on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $192.19.

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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