Palantir Technologies Inc. $PLTR Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 49.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,319 shares of the company’s stock after selling 4,167 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Palantir Technologies were worth $504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pachira Investments Inc. boosted its position in shares of Palantir Technologies by 20.7% in the 2nd quarter. Pachira Investments Inc. now owns 9,284 shares of the company’s stock worth $1,083,000 after buying an additional 1,594 shares in the last quarter. Formidable Asset Management LLC increased its holdings in Palantir Technologies by 23.2% during the 2nd quarter. Formidable Asset Management LLC now owns 13,368 shares of the company’s stock valued at $1,560,000 after acquiring an additional 2,517 shares in the last quarter. LifeSteps Financial Inc. raised its position in Palantir Technologies by 6.9% during the second quarter. LifeSteps Financial Inc. now owns 1,584 shares of the company’s stock worth $185,000 after acquiring an additional 102 shares during the last quarter. InTrack Investment Management Inc raised its position in Palantir Technologies by 0.9% during the second quarter. InTrack Investment Management Inc now owns 27,216 shares of the company’s stock worth $3,175,000 after acquiring an additional 251 shares during the last quarter. Finally, Core Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 10.5% in the second quarter. Core Wealth Partners LLC now owns 8,467 shares of the company’s stock valued at $988,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTR. BNP Paribas Exane began coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating on the stock. William Blair assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “neutral” rating for the company. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Phillip Securities increased their price objective on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Finally, Northland Securities set a $200.00 price objective on Palantir Technologies in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $174.04 on Monday. The stock has a market capitalization of $418.23 billion, a PE ratio of 148.75, a P/E/G ratio of 2.48 and a beta of 1.59. The firm has a fifty day moving average of $134.60 and a 200-day moving average of $139.96. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.16 EPS. The business’s quarterly revenue was up 92.8% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,481 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director directly owned 54,107 shares of the company’s stock, valued at approximately $8,927,655. This trade represents a 5.31% 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. Over the last ninety days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. Insiders own 9.53% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

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.