Palantir Technologies Inc. $PLTR Stock Position Lessened by Weaver Consulting Group

Weaver Consulting Group lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 89.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,315 shares of the company’s stock after selling 19,691 shares during the period. Weaver Consulting Group’s holdings in Palantir Technologies were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Glynn Capital Management LLC increased its stake in Palantir Technologies by 19.0% in the 3rd quarter. Glynn Capital Management LLC now owns 81,826 shares of the company’s stock worth $15,306,000 after acquiring an additional 13,050 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Palantir Technologies by 6.9% during the 3rd quarter. Moody National Bank Trust Division now owns 3,709 shares of the company’s stock valued at $694,000 after acquiring an additional 239 shares during the last quarter. Private Capital Advisors Inc. purchased a new position in shares of Palantir Technologies during the third quarter worth about $255,000. Iowa State Bank increased its position in shares of Palantir Technologies by 0.5% in the third quarter. Iowa State Bank now owns 37,768 shares of the company’s stock worth $7,065,000 after purchasing an additional 175 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Palantir Technologies in the third quarter valued at approximately $1,832,000. Institutional investors own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir expanded its sovereign AI strategy by partnering with Armada to combine its Sovereign AI Operating System with modular data centers. The offering is intended for customers that want greater control over infrastructure, data and model weights, potentially broadening Palantir’s commercial and government opportunity. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher
• Positive Sentiment: Analyst Daniel Ives reportedly favors Palantir over Oracle, while other Wall Street coverage remains constructive. Bulls point to Palantir’s rapidly growing revenue, profitability and positioning in the expected expansion of enterprise AI spending. Palantir vs. Oracle
• Positive Sentiment: Several articles maintain that Palantir is a stronger long-term AI and data-platform investment than Snowflake, citing its already-established profits, customer adoption and ability to fund growth internally. Palantir or Snowflake
• Neutral Sentiment: Palantir’s latest reported quarter remains a key support for the bullish thesis: revenue rose 92.8% year over year to $1.94 billion and EPS exceeded estimates. However, investors now expect continued exceptional execution ahead of the next earnings report.
• Negative Sentiment: Valuation is limiting enthusiasm. With a market capitalization near $460 billion and a P/E ratio above 160, the stock has little room for slower growth or disappointing guidance after its substantial recent rally. Can Palantir Justify Its Multiple?
• Negative Sentiment: Investor Michael Burry has become more bearish on Palantir and other AI leaders, using longer-dated put options based on his expectation of a potential AI-sector downturn. A director also sold 1,337 shares under a pre-arranged Rule 10b5-1 plan, adding modest selling pressure but providing limited evidence about fundamentals. Michael Burry’s Bearish View

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Wolfe Research started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. DA Davidson lifted their price objective on Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. UBS Group raised their price target on Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Finally, Roth Capital initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.33.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 3,032 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the transaction, 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. Insiders sold 536,364 shares of company stock worth $93,083,303 in the last 90 days. 9.53% of the stock is owned by company insiders.

Palantir Technologies Stock Up 0.8%

Shares of NASDAQ:PLTR traded up $1.46 on Wednesday, hitting $193.53. The company had a trading volume of 8,443,898 shares, compared to its average volume of 42,802,082. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm’s 50-day simple moving average is $173.33 and its two-hundred day simple moving average is $149.27. The firm has a market capitalization of $465.07 billion, a price-to-earnings ratio of 165.27, a P/E/G ratio of 2.66 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating 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 analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.16 EPS. The business’s revenue was up 92.8% on a year-over-year basis. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current year.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.