Weaver Consulting Group Sells 19,691 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Weaver Consulting Group cut its Palantir stake by 89.5% in the third quarter, selling 19,691 shares and retaining 2,315 shares valued at approximately $433,000.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, beating analyst expectations. Institutional investors own 45.65% of the company, while insiders have sold roughly $93.1 million of stock over the past 90 days.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $195.33, but the stock’s approximately $465 billion market capitalization and P/E ratio above 165 highlight significant valuation risk.

Weaver Consulting Group reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 89.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,315 shares of the company's stock after selling 19,691 shares during the period. Weaver Consulting Group's holdings in Palantir Technologies were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Glynn Capital Management LLC grew its holdings in Palantir Technologies by 19.0% in the 3rd quarter. Glynn Capital Management LLC now owns 81,826 shares of the company's stock valued at $15,306,000 after buying an additional 13,050 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Palantir Technologies by 6.9% during the third quarter. Moody National Bank Trust Division now owns 3,709 shares of the company's stock worth $694,000 after buying an additional 239 shares in the last quarter. Private Capital Advisors Inc. bought a new stake in shares of Palantir Technologies in the third quarter valued at about $255,000. Iowa State Bank boosted its position in shares of Palantir Technologies by 0.5% in the third quarter. Iowa State Bank now owns 37,768 shares of the company's stock valued at $7,065,000 after acquiring an additional 175 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Palantir Technologies in the third quarter valued at about $1,832,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir expanded its sovereign AI strategy by partnering with Armada to combine its Sovereign AI Operating System with modular data centers. The offering is intended for customers that want greater control over infrastructure, data and model weights, potentially broadening Palantir’s commercial and government opportunity. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher
• Positive Sentiment: Analyst Daniel Ives reportedly favors Palantir over Oracle, while other Wall Street coverage remains constructive. Bulls point to Palantir’s rapidly growing revenue, profitability and positioning in the expected expansion of enterprise AI spending. Palantir vs. Oracle
• Positive Sentiment: Several articles maintain that Palantir is a stronger long-term AI and data-platform investment than Snowflake, citing its already-established profits, customer adoption and ability to fund growth internally. Palantir or Snowflake
• Neutral Sentiment: Palantir’s latest reported quarter remains a key support for the bullish thesis: revenue rose 92.8% year over year to $1.94 billion and EPS exceeded estimates. However, investors now expect continued exceptional execution ahead of the next earnings report.
• Negative Sentiment: Valuation is limiting enthusiasm. With a market capitalization near $460 billion and a P/E ratio above 160, the stock has little room for slower growth or disappointing guidance after its substantial recent rally. Can Palantir Justify Its Multiple?
• Negative Sentiment: Investor Michael Burry has become more bearish on Palantir and other AI leaders, using longer-dated put options based on his expectation of a potential AI-sector downturn. A director also sold 1,337 shares under a pre-arranged Rule 10b5-1 plan, adding modest selling pressure but providing limited evidence about fundamentals. Michael Burry’s Bearish View

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale 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 1,250 shares of the 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 sale, the insider owned 56,921 shares of the company's stock, valued at approximately $9,920,761.09. This trade represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 536,364 shares of company stock valued at $93,083,303. Insiders own 9.53% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on PLTR. Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Citigroup cut Palantir Technologies from a "buy" rating to a "market perform" rating in a research report on Tuesday, August 4th. DA Davidson boosted their price target on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, September 11th. Finally, President Capital raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $195.33.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $1.46 during midday trading on Wednesday, reaching $193.53. The company's stock had a trading volume of 8,443,898 shares, compared to its average volume of 42,802,082. The firm has a market capitalization of $465.07 billion, a price-to-earnings ratio of 165.27, a PEG ratio of 2.66 and a beta of 1.60. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm has a 50 day moving average price of $173.33 and a two-hundred day moving average price of $149.27.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

About Palantir Technologies

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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