Palantir Technologies Inc. $PLTR Stock Sold by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors cut its Palantir stake by 10.2% in the third quarter, selling 56,121 shares and retaining 496,002 shares valued at approximately $92.8 million. Institutional investors and hedge funds collectively own 45.65% of the company.
• Palantir insiders sold 559,390 shares worth about $97.7 million during the last quarter, including transactions by Jeffrey Buckley and Shyam Sankar conducted under pre-arranged Rule 10b5-1 plans.
• Despite the selling, analysts maintain a consensus “Moderate Buy” rating with an average price target of $200.54. Palantir recently exceeded earnings and revenue expectations, posting 92.8% year-over-year revenue growth, while its shares opened at $208.67.

Salem Investment Counselors Inc. lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,002 shares of the company's stock after selling 56,121 shares during the period. Palantir Technologies comprises 2.3% of Salem Investment Counselors Inc.'s portfolio, making the stock its 11th largest holding. Salem Investment Counselors Inc.'s holdings in Palantir Technologies were worth $92,777,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ring Mountain Capital LLC raised its stake in shares of Palantir Technologies by 1.0% in the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company's stock valued at $1,109,000 after buying an additional 60 shares in the last quarter. BCGM Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock valued at $374,000 after acquiring an additional 64 shares in the last quarter. JDM Financial Group LLC boosted its position in shares of Palantir Technologies by 20.9% during the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after acquiring an additional 67 shares in the last quarter. LifeSteps Financial Inc. increased its stake in Palantir Technologies by 4.9% in the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after acquiring an additional 69 shares during the period. Finally, IFC & Insurance Marketing Inc. increased its stake in Palantir Technologies by 4.0% in the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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. Also, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated Thursday, August 6th. The shares were 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 directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% 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. In the last quarter, insiders have sold 559,390 shares of company stock valued at $97,704,177. Insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent research reports. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an "overweight" rating for the company. Weiss Ratings raised Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Citigroup lowered Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.54.

Palantir Technologies Trading Down 0.2%

NASDAQ:PLTR opened at $208.67 on Wednesday. The stock has a market capitalization of $501.45 billion, a P/E ratio of 178.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a 50 day moving average of $180.59 and a 200-day moving average of $150.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.16 EPS. Palantir Technologies's revenue for the quarter was up 92.8% on a year-over-year basis. As a group, analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s bullish investment case remains centered on accelerating operating performance. Management raised fiscal 2026 revenue guidance, while the company’s latest reported quarter showed revenue growth of 92.8% year over year and earnings above analysts’ expectations. Several recent analyses argue that consensus estimates may still underestimate the company’s growth potential. Palantir guidance and stock momentum
• Positive Sentiment: The launch of Regna AI with Ondas expands Palantir’s sovereign-defense strategy. The new company will develop specialized AI models for military and mission-critical applications involving drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating additional government and institutional demand. Regna AI announcement
• Positive Sentiment: Investor sentiment has improved sharply following Palantir’s recent rally. Articles point to continued AI adoption, possible expansion in commercial and government markets, and rising analyst earnings estimates; some bullish forecasts see further upside despite the stock trading above many published price targets. Analyst sentiment and valuation

Palantir Technologies Company Profile

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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