Palantir Technologies Inc. $PLTR Shares Sold by Abner Herrman & Brock LLC

Key Points

• Abner Herrman & Brock LLC reduced its Palantir stake by 13.2% in the second quarter, selling 4,887 shares and retaining 32,268 shares valued at approximately $3.8 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with EPS of $0.41 beating estimates of $0.34 and revenue of $1.94 billion rising 92.8% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.73.
• Insider selling and elevated valuation remain risks: insiders sold more than 1.1 million shares worth about $150.7 million over the past 90 days, while the stock traded at a price-to-earnings ratio above 147.

Abner Herrman & Brock LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,268 shares of the company's stock after selling 4,887 shares during the period. Abner Herrman & Brock LLC's holdings in Palantir Technologies were worth $3,765,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Transcend Capital Advisors LLC boosted its position in Palantir Technologies by 0.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company's stock worth $1,890,000 after purchasing an additional 60 shares in the last quarter. Monument Capital Management increased its position in shares of Palantir Technologies by 1.2% in the fourth quarter. Monument Capital Management now owns 5,341 shares of the company's stock valued at $949,000 after buying an additional 63 shares in the last quarter. San Luis Wealth Advisors LLC raised its stake in shares of Palantir Technologies by 1.6% during the 4th quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company's stock worth $726,000 after buying an additional 63 shares during the period. CYBER HORNET ETFs LLC raised its stake in shares of Palantir Technologies by 1.2% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock worth $966,000 after buying an additional 65 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in shares of Palantir Technologies by 0.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the sale, the insider directly owned 60,226 shares of the company's stock, valued at $7,757,108.80. The trade was a 2.40% 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. Insiders have sold 1,115,302 shares of company stock valued at $150,748,065 in the last ninety days. Insiders own 9.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PLTR. Phillip Securities lifted their price target on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Tuesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.73.

Palantir Technologies Stock Performance

PLTR opened at $172.01 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The stock has a market capitalization of $412.36 billion, a PE ratio of 147.02, a P/E/G ratio of 2.27 and a beta of 1.59. The business's 50 day moving average price is $131.76 and its 200 day moving average price is $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $0.16 EPS. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.24 earnings per share for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source