St. Louis Financial Planners Asset Management LLC Sells 21,667 Shares of Palantir Technologies Inc. $PLTR

Key Points

• St. Louis Financial Planners Asset Management LLC cut its Palantir stake by 86.3%, selling 21,667 shares and retaining 3,449 shares valued at approximately $595,000. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong recent results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations. The company is also expanding its AI and commercial reach through initiatives with Ondas and Customers Bank.
• Despite a “Moderate Buy” analyst consensus and a $201.61 average price target, valuation and market risks remain elevated: shares trade near historically high earnings multiples, while insider selling and a broader technology-sector selloff have pressured the stock.

St. Louis Financial Planners Asset Management LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 86.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,449 shares of the company's stock after selling 21,667 shares during the quarter. St. Louis Financial Planners Asset Management LLC's holdings in Palantir Technologies were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PLTR. Monetary Solutions Ltd bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $36,000. Reflection Asset Management acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $35,000. Ballast Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at about $29,000. Retirement Wealth Solutions LLC increased its holdings in Palantir Technologies by 51.7% in the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock valued at $41,000 after purchasing an additional 74 shares during the last quarter. Finally, Dakota Community Bank & Trust NA increased its holdings in Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock valued at $41,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Palantir Technologies Stock Performance

PLTR stock traded down $14.47 during midday trading on Friday, hitting $186.03. 33,238,730 shares of the company's stock were exchanged, compared to its average volume of 23,416,700. The stock's fifty day moving average price is $182.61 and its 200-day moving average price is $152.00. The company has a market cap of $447.04 billion, a PE ratio of 159.00, a price-to-earnings-growth ratio of 3.53 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. The company's revenue was up 92.8% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander Karp sold 492,348 shares of Palantir Technologies 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 $1,124,294,375.82. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Jeffrey Buckley sold 2,055 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares of the company's stock, valued at $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 560,390 shares of company stock worth $97,909,177 over the last three months. Company insiders own 9.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLTR shares. Jefferies Financial Group reissued an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Zacks Research lowered Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. Wolfe Research started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. Finally, Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $201.61.

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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