Van Cleef Asset Management Inc Sells 10,293 Shares of Palantir Technologies Inc. $PLTR

Van Cleef Asset Management Inc lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,853 shares of the company’s stock after selling 10,293 shares during the quarter. Palantir Technologies comprises approximately 4.9% of Van Cleef Asset Management Inc’s portfolio, making the stock its 6th biggest position. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $47,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Palantir Technologies during the 4th quarter worth $5,149,641,000. Jennison Associates LLC purchased a new position in Palantir Technologies during the first quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its position in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. State Street Corp raised its stake in shares of Palantir Technologies by 7.2% during the 3rd 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 in the last quarter. Finally, Cardano Risk Management B.V. lifted its holdings in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after buying an additional 5,938,343 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLTR. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Phillip Securities boosted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. DA Davidson upped their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Northland Securities set a $200.00 price target on Palantir Technologies in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 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 value of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,150,302 shares of company stock worth $156,197,565 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $172.55 on Tuesday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm has a 50-day moving average of $135.32 and a two-hundred day moving average of $140.01. The stock has a market cap of $414.65 billion, a P/E ratio of 147.48, a PEG ratio of 2.48 and a beta of 1.59.

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

About Palantir Technologies

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.