Palantir Technologies Inc. $PLTR Shares Sold by Steadview Capital Management LLC

Key Points

• Steadview Capital Management reduced its Palantir stake by 20.4% in the second quarter, selling 11,585 shares and retaining 45,315 shares valued at approximately $5.3 million. Institutional investors and hedge funds collectively own 45.65% of the stock.
• Palantir reported quarterly EPS of $0.41 versus the $0.34 consensus estimate, while revenue reached $1.94 billion, up 92.8% year over year and above expectations.
• Despite strong growth and a “Moderate Buy” analyst consensus, Palantir’s valuation remains a major risk: shares traded at about $172.55 with a P/E ratio near 147, leaving the stock vulnerable if growth or guidance disappoints.

Steadview Capital Management LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,315 shares of the company's stock after selling 11,585 shares during the period. Palantir Technologies comprises about 1.6% of Steadview Capital Management LLC's portfolio, making the stock its 14th largest holding. Steadview Capital Management LLC's holdings in Palantir Technologies were worth $5,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Milestone Asset Management LLC increased its holdings in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock worth $10,763,000 after acquiring an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $222,143,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the period. Optas LLC grew its holdings in Palantir Technologies by 55.2% in the 4th quarter. Optas LLC now owns 18,647 shares of the company's stock worth $3,315,000 after buying an additional 6,633 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Palantir Technologies by 6.8% in the 4th quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock worth $14,092,000 after buying an additional 5,070 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $172.55 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm's 50 day simple moving average is $135.32 and its 200-day simple moving average is $140.01. The company has a market cap of $414.65 billion, a P/E ratio of 147.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $0.16 EPS. The company's revenue was up 92.8% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider owned 592 shares of the company's stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares of the company's stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 1,150,302 shares of company stock worth $156,197,565. 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: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho lifted their target price on Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Argus raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Wednesday, May 6th. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Finally, President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.

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