Palantir Technologies Inc. $PLTR Stock Sold by Triumph Capital Management

Key Points

• Triumph Capital Management reduced its Palantir position by 21.6% in the third quarter, selling 2,754 shares and retaining 9,967 shares valued at approximately $1.86 million.
• Other major institutions, including BlackRock, State Street, Invesco, Bank of America and Amundi, increased their holdings; institutional investors collectively own 45.65% of Palantir’s stock.
• Palantir reported strong results, with revenue up 92.8% year over year and earnings above estimates, but its valuation remains elevated at a P/E ratio above 170. Analysts maintain a “Moderate Buy” consensus, while some firms have downgraded the stock amid valuation concerns.

Triumph Capital Management lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,967 shares of the company's stock after selling 2,754 shares during the period. Triumph Capital Management's holdings in Palantir Technologies were worth $1,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLTR. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after acquiring an additional 757,322 shares during the last quarter. State Street Corp lifted its position in Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its position in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its stake in Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock valued at $2,219,094,000 after purchasing an additional 180,486 shares during the last quarter. Finally, Amundi boosted its stake in Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company's stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded down $7.70 during midday trading on Wednesday, hitting $200.97. 24,046,176 shares of the stock traded hands, compared to its average volume of 42,498,117. The firm has a market capitalization of $482.94 billion, a P/E ratio of 171.77, a PEG ratio of 2.87 and a beta of 1.60. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The firm has a 50-day moving average of $180.59 and a two-hundred day moving average of $150.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies's revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on PLTR shares. Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. Citigroup downgraded Palantir Technologies from a "buy" rating to a "market perform" rating in a report on Tuesday, August 4th. Phillip Securities downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday. Wedbush started coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.54.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to support rapid U.S. commercial growth, with rising revenue and contract values signaling strong enterprise demand for AI software. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas adds a potential sovereign-AI and defense growth channel. The partnership is intended to support specialized AI models for drones, surveillance, ground vehicles and unmanned systems. Regna AI opportunity
• Positive Sentiment: Palantir’s operating results remain a key bullish argument: the latest quarter included revenue growth of 92.8% year over year and earnings above consensus, while management previously raised fiscal 2026 revenue guidance. Palantir AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. The resolution removes litigation uncertainty, although it does not confirm that Palantir will receive the contract. London police contract dispute
• Negative Sentiment: Valuation is limiting enthusiasm. With Palantir trading at a very high earnings multiple after a powerful rally, investors fear that much of the expected AI and defense growth is already reflected in the stock price. The upcoming earnings release therefore sets a particularly high bar. Palantir earnings expectations
• Negative Sentiment: Recent insider selling is an additional sentiment headwind. A director sold approximately $1.0 million of shares and another insider sold about $3.6 million, though both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider selling
• Negative Sentiment: Phillip Securities downgraded Palantir from “strong buy” to “hold,” while prominent investor Michael Burry’s reported bearish stance reinforces concerns that AI enthusiasm may have pushed software valuations too far. Palantir analyst downgrade

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of the firm's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 559,390 shares of company stock valued at $97,704,177 in the last 90 days. Insiders own 9.53% of the company's stock.

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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