Palantir Technologies Inc. $PLTR Stock Holdings Lessened by Meridian Wealth Management LLC

Key Points

• Meridian Wealth Management reduced its Palantir position by 26.3% in the second quarter, selling 34,298 shares and retaining 96,261 shares valued at approximately $11.2 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share, beating analyst estimates. Analysts maintain a “Moderate Buy” consensus and an average price target of $192.19.
• Valuation remains a major concern: shares trade at a price-to-earnings ratio near 150, prompting some analysts and investor Michael Burry to take a cautious or bearish stance despite Palantir’s AI-driven growth prospects.

Meridian Wealth Management LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,261 shares of the company's stock after selling 34,298 shares during the period. Meridian Wealth Management LLC's holdings in Palantir Technologies were worth $11,231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Milestone Asset Management LLC boosted its position in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after purchasing an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in Palantir Technologies during the 4th quarter worth $222,143,000. Vanguard Group Inc. increased its position in Palantir Technologies by 0.7% in 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. Global Retirement Partners LLC increased its position in Palantir Technologies by 6.8% in the fourth 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 during the period. Finally, Income Insurance Ltd bought a new stake in Palantir Technologies in the fourth quarter valued at $1,228,000. Institutional investors own 45.65% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
• Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
• Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
• Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here's the Data
• Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
• Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
• Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,481 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% 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. In the last three months, insiders have sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. DZ Bank initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price objective on the stock. HSBC lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $175.19 on Thursday. The stock has a market cap of $420.99 billion, a price-to-earnings ratio of 149.74, a PEG ratio of 2.43 and a beta of 1.59. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The business has a fifty day moving average of $137.01 and a 200-day moving average of $140.27.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company's quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies 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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