Transamerica Financial Advisors LLC Sells 46,209 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Transamerica Financial Advisors cut its Palantir position by 68.7%, selling 46,209 shares and retaining 21,034 shares valued at approximately $2.45 million.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating the $0.34 consensus estimate.
• Despite bullish analyst sentiment and a “Moderate Buy” consensus, Palantir trades at a very high valuation of roughly 152 times earnings, while recent insider selling and short positions highlight concerns about the stock’s price.

Transamerica Financial Advisors LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 68.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,034 shares of the company's stock after selling 46,209 shares during the quarter. Transamerica Financial Advisors LLC's holdings in Palantir Technologies were worth $2,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at about $31,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at about $32,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in Palantir Technologies during the 4th quarter valued at about $35,000. 45.65% of the stock is owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. BTIG Research lowered Palantir Technologies to a "neutral" rating in a research note on Tuesday, June 16th. Wedbush assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an "outperform" rating on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $177.50 on Thursday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market cap of $426.54 billion, a PE ratio of 151.71, a P/E/G ratio of 2.44 and a beta of 1.59. The stock's 50-day moving average is $141.46 and its 200 day moving average is $141.39.

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, 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 business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $0.16 EPS. Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. Analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the completion of the transaction, the insider owned 599,899 shares in the company, valued at $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 of the company's stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 723,431 shares of company stock valued at $117,330,908 over the last three months. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Profile

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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