Palantir Technologies Inc. $PLTR Shares Sold by Monetta Financial Services Inc.

Key Points

• Monetta Financial Services cut its Palantir stake by 45.9% in the second quarter, selling 10,200 shares and retaining 12,000 shares valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share, exceeding analyst estimates. However, the stock trades at a high valuation, with a price-to-earnings ratio of roughly 159.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $192.19, while insiders sold more than 721,000 shares worth approximately $117.1 million during the quarter.

Monetta Financial Services Inc. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 45.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,000 shares of the company's stock after selling 10,200 shares during the period. Monetta Financial Services Inc.'s holdings in Palantir Technologies were worth $1,400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. Great Lakes Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at $7,133,000. Investmark Advisory Group LLC lifted its stake in Palantir Technologies by 10.0% during the 2nd quarter. Investmark Advisory Group LLC now owns 1,855 shares of the company's stock worth $216,000 after acquiring an additional 168 shares in the last quarter. OFC Financial Planning LLC lifted its stake in Palantir Technologies by 20.4% during the 2nd quarter. OFC Financial Planning LLC now owns 2,535 shares of the company's stock worth $296,000 after acquiring an additional 430 shares in the last quarter. M. Kulyk & Associates LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $299,000. Finally, Aljian Capital Management LLC boosted its holdings in Palantir Technologies by 1.3% during the 2nd quarter. Aljian Capital Management LLC now owns 48,216 shares of the company's stock valued at $5,625,000 after acquiring an additional 633 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director owned 54,107 shares of the company's stock, valued at $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 721,764 shares of company stock worth $117,080,858. 9.53% of the stock is owned by corporate insiders.

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 Stock Performance

Shares of NASDAQ PLTR opened at $186.29 on Friday. The stock's 50-day simple moving average is $143.76 and its 200-day simple moving average is $142.05. The firm 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. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was up 92.8% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PLTR shares. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Mizuho boosted their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Finally, UBS Group set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Two investment 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 stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $192.19.

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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