Simplify Asset Management Inc. Sells 7,804 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Simplify Asset Management cut its Palantir stake by 64.9% in the third quarter, selling 7,804 shares and retaining 4,217 shares valued at approximately $789,000. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir insiders sold 560,390 shares worth about $97.9 million during the last quarter, including a sizable sale by CEO Alexander Karp; the transactions were made under pre-arranged plans to cover tax obligations from vested equity awards.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and a $205.55 average price target, but Palantir’s elevated valuation—a P/E ratio near 168—leaves the stock vulnerable if growth, cash flow or earnings guidance disappoints.

Simplify Asset Management Inc. trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 64.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,217 shares of the company's stock after selling 7,804 shares during the period. Simplify Asset Management Inc.'s holdings in Palantir Technologies were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PLTR. Ballast Advisors LLC purchased a new position in Palantir Technologies during the first quarter worth $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at $32,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Palantir Technologies in the second quarter valued at $35,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies during the third quarter valued at $35,000. Finally, Retirement Wealth Solutions LLC boosted its stake in shares of Palantir Technologies by 51.7% during the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock valued at $41,000 after acquiring an additional 74 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,250 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares of the company's stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal 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 Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $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 sold 560,390 shares of company stock worth $97,909,177 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s strong operating momentum remains a potential catalyst. Analysts expect third-quarter earnings of approximately $0.41 per share, while recent coverage points to accelerating demand from U.S. commercial and government customers, expanding margins and additional business from existing clients. Palantir Could Crush Q3 Earnings, But 1 Risk Could Spoil the Rally
• Positive Sentiment: The company’s partner expansion could support future commercial growth. Aplos Data was elevated to Palantir’s Vanguard: Elite partner status, potentially widening deployment of Foundry and Palantir’s Artificial Intelligence Platform among U.S. businesses. Palantir Technologies Deepens U.S. Reach With New Vanguard Elite Partner
• Neutral Sentiment: Options markets imply an unusually large move of roughly 11.65% following the November 2 earnings release, highlighting elevated event risk rather than signaling a clear direction. Investors are focused on U.S. commercial customer growth, free cash flow and management’s guidance. Palantir Stock Could Swing 11.65% After Q3 Earnings
• Negative Sentiment: RBC Capital issued a fresh warning ahead of earnings, reinforcing concerns that Palantir must deliver exceptionally strong results and guidance to justify its elevated valuation. The stock trades at roughly 168 times earnings, leaving limited room for disappointment. Palantir Stock Falls After RBC Delivers Fresh Warning Ahead of Earnings
• Negative Sentiment: Additional commentary describes Palantir as a crowded, richly valued AI trade. Higher interest rates could compress high-growth technology multiples, while any slowdown in revenue growth, free cash flow or customer additions could trigger a sharper pullback. Palantir Stock Could Be 5% Above Fair Value

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLTR. Piper Sandler lifted their price objective on Palantir Technologies from $230.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Mizuho upped their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, October 15th. Citigroup upped their target price on shares of Palantir Technologies from $245.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. William Blair reaffirmed an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of Palantir Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.55.

Palantir Technologies Stock Down 1.0%

PLTR stock opened at $196.81 on Thursday. The stock has a market capitalization of $472.95 billion, a price-to-earnings ratio of 168.21, a price-to-earnings-growth ratio of 3.46 and a beta of 1.60. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $212.94. The stock's fifty day simple moving average is $186.28 and its 200-day simple moving average is $153.79.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% compared to the same quarter last year. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir's principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization's data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

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