HighTower Advisors LLC Sells 9,087 Shares of Palantir Technologies Inc. $PLTR

HighTower Advisors LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 682,258 shares of the company’s stock after selling 9,087 shares during the period. HighTower Advisors LLC’s holdings in Palantir Technologies were worth $79,599,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PLTR. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth approximately $31,000. Wexford Capital LP acquired a new position in shares of Palantir Technologies in the third quarter worth approximately $36,000. Prudent Man Investment Management Inc. bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $35,000. Finally, Monetary Solutions Ltd bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $36,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $174.33 on Tuesday. The stock has a market capitalization of $418.93 billion, a price-to-earnings ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The stock’s 50 day moving average price is $151.39 and its two-hundred day moving average price is $143.92.

Palantir Technologies (NASDAQ:PLTR) last released 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 net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $0.16 EPS. Palantir Technologies’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s shares surged about 51% in August after the company delivered better-than-expected earnings, revenue growth of nearly 93%, and an increased full-year outlook. Major customer wins and continued demand for its artificial-intelligence platforms reinforced the bullish narrative. Palantir Surged 51% in August
• Positive Sentiment: Analysts and bullish commentators continue to argue that Palantir can sustain its momentum as its software platforms expand across government and commercial customers. Its forward-deployed engineering model is also being studied by major technology companies, highlighting the potential strategic value of Palantir’s approach. Palantir Stock Could Make a Dramatic Move
• Neutral Sentiment: ARK Invest, led by Cathie Wood, sold roughly $25 million of Palantir shares while reallocating capital toward Rocket Lab, Robinhood, Block and other holdings. The sales may reflect portfolio management rather than a fundamental change in Palantir’s outlook, but they remove a notable source of buying support. Cathie Wood Dumps Palantir Shares
• Negative Sentiment: Michael Burry renewed his criticism that Palantir’s financial profile resembles a consultancy more than a high-margin software company. He pointed to accounts receivable of $1.49 billion, up from $1.04 billion at year-end, and significant exposure to a single customer’s receivables. The warning is particularly relevant given PLTR’s very elevated earnings multiple. Michael Burry’s Palantir Warning
• Negative Sentiment: Reports of insider selling and concerns about public distrust of Palantir’s work with sensitive government and health data add further potential overhangs. UK officials warned that mistrust could reduce NHS research participation, creating reputational and commercial risks. Palantir Shares Following Insider Selling

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLTR. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 4th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. Finally, Northland Securities set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.19.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. 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 three months, insiders have sold 721,508 shares of company stock valued at $117,070,093. Company insiders own 9.53% of the company’s stock.

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.