Palantir Technologies Inc. $PLTR Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA reduced its Palantir stake by 13.3% in the second quarter, selling 36,994 shares and retaining 240,260 shares valued at approximately $28.0 million.
• Palantir insiders sold 1.15 million shares worth about $156.2 million over the past 90 days, primarily to cover tax obligations tied to vested equity awards. Institutional investors and hedge funds own 45.65% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with a $192.19 price target, supported by strong recent results: revenue rose 92.8% year over year and earnings beat estimates. However, Palantir’s roughly $417 billion market capitalization and P/E ratio near 149 highlight significant valuation risk.

Union Bancaire Privee UBP SA trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,260 shares of the company's stock after selling 36,994 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Palantir Technologies were worth $28,031,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter worth about $29,000. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter valued at about $31,000. Finally, Whipplewood Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at about $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares of the company's stock, valued at approximately $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, 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. In the last 90 days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. Company insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. HSBC downgraded Palantir Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Citigroup lowered Palantir Technologies from a "buy" rating to a "market perform" rating in a research report on Tuesday, August 4th. President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Palantir Technologies Trading Down 2.8%

Shares of NASDAQ PLTR opened at $174.04 on Friday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market cap of $417.23 billion, a PE ratio of 148.75, a P/E/G ratio of 2.55 and a beta of 1.59. The stock has a 50 day simple moving average of $134.60 and a 200-day simple moving average of $140.15.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's revenue was up 92.8% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

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.

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.

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