Palantir Technologies Inc. $PLTR Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.8% in the second quarter, HoldingsChannel.com reports. The firm owned 552,123 shares of the company’s stock after selling 27,674 shares during the quarter. Palantir Technologies comprises about 1.6% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 15th largest holding. Salem Investment Counselors Inc.’s holdings in Palantir Technologies were worth $64,416,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its holdings in Palantir Technologies by 16.7% during the second quarter. Signature Estate & Investment Advisors LLC now owns 4,444 shares of the company’s stock worth $519,000 after purchasing an additional 637 shares in the last quarter. BayBridge Capital Group LLC lifted its position in shares of Palantir Technologies by 58.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 14,360 shares of the company’s stock worth $1,675,000 after buying an additional 5,276 shares during the last quarter. Burney Co. boosted its holdings in shares of Palantir Technologies by 188.9% in the 2nd quarter. Burney Co. now owns 17,531 shares of the company’s stock valued at $2,045,000 after buying an additional 11,463 shares in the last quarter. Accurate Wealth Management LLC grew its position in shares of Palantir Technologies by 13.4% in the 2nd quarter. Accurate Wealth Management LLC now owns 26,852 shares of the company’s stock valued at $3,405,000 after buying an additional 3,168 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Palantir Technologies by 5.4% in the 2nd quarter. QRG Capital Management Inc. now owns 386,796 shares of the company’s stock valued at $45,128,000 after buying an additional 19,925 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. This trade represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 1,150,302 shares of company stock worth $156,197,565. 9.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on PLTR shares. William Blair initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “neutral” rating on the stock. Phillip Securities raised their price objective on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $205.00 to $151.00 in a report on Friday, May 1st. Finally, Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $179.01 on Friday. The firm has a market cap of $429.14 billion, a PE ratio of 153.00, a P/E/G ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The firm’s fifty day moving average is $133.83 and its two-hundred day moving average is $139.92.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Research analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

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.