GAMMA Investing LLC Sells 3,181 Shares of Palantir Technologies Inc. $PLTR

GAMMA Investing LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,195 shares of the company’s stock after selling 3,181 shares during the period. GAMMA Investing LLC’s holdings in Palantir Technologies were worth $5,273,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $31,000. Finally, Clayton Financial Group LLC raised its stake in Palantir Technologies by 500.0% during the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLTR. William Blair began coverage on shares of Palantir Technologies in a research report on Tuesday. They set a “neutral” rating on the stock. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. BNP Paribas Exane began coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating for the company. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $205.00 to $151.00 in a report on Friday, May 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.73.

Palantir Technologies Stock Performance

Shares of PLTR opened at $162.66 on Wednesday. The stock has a market capitalization of $389.95 billion, a PE ratio of 182.77, a P/E/G ratio of 2.01 and a beta of 1.59. The company’s fifty day moving average is $130.68 and its 200 day moving average is $139.93. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced 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. The firm had revenue of $1.94 billion during 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 32.90%. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 1,112,270 shares of company stock valued at $150,247,785. 9.53% of the stock is owned by company insiders.

More Palantir Technologies News

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

• Positive Sentiment: Q2 results decisively exceeded expectations: Adjusted EPS was $0.41 versus the $0.34 consensus estimate, while revenue increased 93% year over year to $1.935 billion, ahead of expectations near $1.81 billion. The company also reported a 62% adjusted operating margin and $1.22 billion in free cash flow. Palantir posts blowout Q2 numbers
• Positive Sentiment: Commercial growth was the key catalyst: U.S. commercial revenue surged 149% to $764 million, while total U.S. revenue rose 115%. Management attributed the acceleration to strong demand for secure, sovereign AI tools across commercial and government customers. Palantir raises annual revenue forecast
• Positive Sentiment: Guidance was raised substantially: Palantir now expects approximately $8.15 billion-$8.16 billion in 2026 revenue, representing about 82% growth, and forecast U.S. commercial revenue above $3.424 billion, or at least 134% growth. Third-quarter revenue guidance of roughly $2.16 billion also topped consensus. Palantir lifts guidance
• Positive Sentiment: Analyst sentiment improved: Deutsche Bank upgraded PLTR to Buy, Northland raised its target to $200, and Piper Sandler reaffirmed an Overweight rating with a $230 target. The earnings surprise also forced short sellers to cover losses estimated at roughly $3 billion, potentially adding buying pressure. Deutsche Bank upgrades Palantir
• Neutral Sentiment: A broader technology rally, record major indexes and easing geopolitical concerns provided a supportive market backdrop, but the company’s earnings and guidance were the primary PLTR-specific drivers. S&P 500 and Dow scale peaks
• Negative Sentiment: Valuation remains a major risk: Even after the earnings beat, PLTR trades at an exceptionally high earnings and sales multiple. Cantor Fitzgerald maintained a Neutral rating with a $156 target, below the current reference level, while other analysts warned that expectations may already discount years of rapid growth. Palantir valuation analysis
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling, including transactions by senior executives and co-founders. That does not necessarily signal weakening operations, but it may concern investors after the strong rally.

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.