6,313 Palantir Technologies Inc. $PLTR Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506,678 shares of the company’s stock after selling 6,313 shares during the quarter. Congress Asset Management Co.’s holdings in Palantir Technologies were worth $94,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $31,000. Prudent Man Investment Management Inc. bought a new position in Palantir Technologies in the fourth quarter worth about $35,000. Monetary Solutions Ltd bought a new position in Palantir Technologies in the fourth quarter worth about $36,000. Reflection Asset Management acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $35,000. Finally, Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s sovereign-AI strategy is gaining attention as governments and enterprises seek locally controlled, secure and “air-gapped” AI systems. Coverage highlights the potential for this business to expand beyond traditional government contracts. Palantir Stock Gains as Air-Gapped AI Moves Beyond Government Software
• Positive Sentiment: Bullish analysts point to Palantir’s control of its AI orchestration layer, partnerships with Nvidia and Nebius, open-source integrations and approximately $4.9 billion in remaining deal value. These factors could support continued commercial and government growth. Palantir Bullish AI Case Has Never Looked More Exciting
• Positive Sentiment: The latest reported quarter remains a major catalyst: revenue increased 92.8% year over year to $1.94 billion, while EPS of $0.41 exceeded the $0.34 consensus estimate. Commentators say strong margins, customer spending and defense adoption provide a foundation for further earnings surprises. Palantir Stock Surges 42% in Three Months
• Positive Sentiment: Palantir’s Maven Smart System was designated a formal government program of record, potentially improving the durability of defense revenue. Investors will look for confirmation of continued commercial growth in the company’s November 2 earnings report. Palantir Defense Momentum Strengthens the Bullish Case
• Neutral Sentiment: Technical coverage identifies important chart levels near the current trading range, while analysts continue to debate whether Palantir’s roughly $450 billion valuation is justified by its growth. Palantir Stock Hovers Near $192 as Analysts Debate Valuation
• Negative Sentiment: Valuation remains the principal risk. Palantir trades at well over 100 times forward earnings, several times the sector multiple, leaving little room for slower growth or execution problems. Competition from other AI providers and potential UK contract risks add uncertainty. Can Palantir Justify a Multiple Five Times the Sector’s?
• Negative Sentiment: Director Lauren Friedman Stat sold 1,337 shares worth approximately $254,000. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced her holdings by only 2.53%, limiting its significance but still adding to concerns about insider profit-taking at elevated prices. Palantir Director Sells Shares

Analyst Ratings Changes

A number of analysts have recently weighed in on PLTR shares. Roth Capital initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. UBS Group increased their target price on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Finally, Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.33.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $2.67 during trading hours on Tuesday, hitting $192.07. The stock had a trading volume of 17,606,267 shares, compared to its average volume of 42,983,805. The stock’s fifty day simple moving average is $171.96 and its 200 day simple moving average is $148.99. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a market capitalization of $461.56 billion, a price-to-earnings ratio of 164.16, a PEG ratio of 2.65 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue was up 92.8% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction on Thursday, August 6th. The stock was 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 approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents 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 536,364 shares of company stock worth $93,083,303 over the last 90 days. Insiders own 9.53% of the company’s stock.

Palantir Technologies 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.