Palantir Technologies Inc. $PLTR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,026,638 shares of the company’s stock after selling 1,283,873 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Palantir Technologies were worth $1,519,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $31,000. Wexford Capital LP purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $36,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $35,000. Finally, Monetary Solutions Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent analyst reports. DA Davidson increased their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given 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 a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Price Performance

PLTR stock opened at $186.29 on Friday. The company has a fifty day moving average price of $143.76 and a 200 day moving average price of $142.05. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a market cap of $447.67 billion, a price-to-earnings ratio of 159.22, a price-to-earnings-growth ratio of 2.63 and a beta of 1.59.

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 net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $0.16 EPS. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. Also, insider Shyam Sankar sold 150,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the sale, the insider directly owned 599,899 shares of the company’s stock, valued at $77,986,870. The trade was a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 721,764 shares of company stock worth $117,080,858. Corporate insiders own 9.53% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir’s Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles’ Heel

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.