Insight Wealth Strategies LLC Has $628,000 Stock Holdings in Palantir Technologies Inc. $PLTR

Insight Wealth Strategies LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 81.8% in the second quarter, Holdings Channel reports. The firm owned 4,997 shares of the company’s stock after selling 22,461 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Palantir Technologies were worth $628,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $5,149,641,000. Jennison Associates LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after buying an additional 7,678,747 shares during the last quarter. State Street Corp increased its holdings in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after buying an additional 5,938,343 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.2%

Shares of Palantir Technologies stock opened at $174.94 on Wednesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The company has a 50-day simple moving average of $132.50 and a two-hundred day simple moving average of $139.81. The stock has a market capitalization of $419.39 billion, a price-to-earnings ratio of 149.52, a price-to-earnings-growth ratio of 2.50 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 92.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 165,514 shares of the stock in a transaction on 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 sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’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 $43,523,821.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% decrease in their position. 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 three months, insiders sold 1,150,302 shares of company stock worth $156,197,565. Corporate insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PLTR shares. UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 6th. Phillip Securities upped their target price on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, Mizuho lifted their price target on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Two investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Blowout results and raised guidance remain the primary bullish catalyst. Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year and ahead of expectations, while EPS also exceeded consensus. Coverage suggests the guidance increase implies roughly $362 million in additional second-half revenue. Q2 Earnings Season Standouts
• Positive Sentiment: Commercial AI demand is accelerating. Recent reports highlight 110% commercial revenue growth, 79% government revenue growth, a 62% adjusted EBITDA margin and $1.22 billion in free cash flow. Palantir’s open-weight model strategy could help differentiate its platforms from OpenAI and Anthropic by giving customers more control over customized models. Palantir Q2: Karp Takes On the Two AI Labs
• Positive Sentiment: Bullish price targets and strategic importance support the shares. Commentary includes a $220 target, representing potential upside from recent levels, while analysts and investors point to Palantir’s expanding U.S. commercial market, defense role and growing backlog as reasons the rally may continue. Prediction: Palantir Will Hit $220 This Year
• Neutral Sentiment: Macro conditions could amplify volatility. Investors are awaiting the July CPI report, with a softer-than-expected reading potentially supporting high-beta AI stocks such as PLTR. The reported short-interest figures showing zero shares appear unreliable because the data also lists an undefined percentage change.
• Negative Sentiment: Profit-taking and insider selling are creating near-term pressure. ARK Invest trimmed approximately $21 million of PLTR after the recent surge, while CTO Shyam Sankar sold 35,000 shares worth about $5.45 million under a pre-arranged Rule 10b5-1 plan. Cathie Wood Sold Palantir Shares
• Negative Sentiment: Valuation concerns remain significant. With a price-to-earnings ratio near 150, the stock is priced for sustained exceptional growth. Michael Burry’s long-dated put positions, targeting strikes in the low-to-mid $100s, reinforce concerns that expectations may be too high. Michael Burry’s Palantir Put Positions

Palantir Technologies Company 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.