Palantir Technologies Inc. $PLTR Shares Sold by Greenleaf Trust

Key Points

• Greenleaf Trust reduced its Palantir stake by 12.8% in the second quarter, selling 4,766 shares and retaining 32,435 shares valued at approximately $3.8 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Analyst sentiment remains broadly positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $192.19, despite some underperform and sell ratings.
• Palantir reported strong operating momentum, including 92.8% year-over-year revenue growth and earnings above estimates, but its valuation remains a key risk with a price-to-earnings ratio near 159. Insiders have also sold roughly $117.1 million of stock over the past 90 days.

Greenleaf Trust reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,435 shares of the company's stock after selling 4,766 shares during the quarter. Greenleaf Trust's holdings in Palantir Technologies were worth $3,784,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PLTR. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the 4th quarter valued at approximately $29,000. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $31,000. Wexford Capital LP acquired a new stake in shares of Palantir Technologies during the third quarter worth $36,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $35,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $36,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PLTR shares. BNP Paribas Exane started coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an "underperform" rating on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. 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 note on Tuesday, August 4th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Finally, UBS Group set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies News Summary

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 Trading Up 0.2%

Palantir Technologies stock opened at $186.29 on Friday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The stock's 50 day simple moving average is $143.76 and its two-hundred day simple moving average is $142.05. The firm has a market cap of $447.67 billion, a PE ratio of 159.22, a P/E/G ratio of 2.63 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $0.16 EPS. The business's quarterly revenue was up 92.8% on a year-over-year basis. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Insider Activity

In related news, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was 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 owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, 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 position. 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. Insiders have sold a total of 721,764 shares of company stock worth $117,080,858 in the last ninety days. Corporate insiders own 9.53% of the company's stock.

About Palantir Technologies

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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