Perigon Wealth Management LLC Sells 11,394 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Perigon Wealth Management reduced its Palantir stake by 12%, selling 11,394 shares and retaining 83,708 shares valued at approximately $9.8 million.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst estimates; analysts maintain a “Moderate Buy” consensus with an average price target of $192.19.
• Valuation and insider selling remain key risks: the stock trades at a P/E ratio of about 154, while insiders sold roughly $30.7 million of shares over the past three months and institutional investors own 45.65% of the company.

Perigon Wealth Management LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,708 shares of the company's stock after selling 11,394 shares during the quarter. Perigon Wealth Management LLC's holdings in Palantir Technologies were worth $9,766,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Palantir Technologies during the fourth quarter valued at about $5,149,641,000. Jennison Associates LLC purchased a new position in Palantir Technologies in the 1st quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. State Street Corp boosted its stake in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Finally, Cardano Risk Management B.V. grew its holdings in Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock valued at $1,170,596,000 after buying an additional 5,938,343 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry's Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the business'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 value of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares of the company's stock, valued at $100,081,780.20. The trade was a 5.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 227,778 shares of company stock worth $30,696,263 over the last three months. 9.53% of the stock is owned by insiders.

Palantir Technologies Stock Up 3.4%

NASDAQ:PLTR opened at $179.94 on Friday. The stock has a market cap of $432.41 billion, a P/E ratio of 153.79, a PEG ratio of 2.46 and a beta of 1.59. The business's 50-day moving average price is $138.90 and its two-hundred day moving average price is $140.74. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. William Blair began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "neutral" rating for the company. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Thursday, July 30th. Finally, Phillip Securities raised their price target on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Moderate Buy" and an average price target 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.

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