Patriot Financial Group Insurance Agency LLC Decreases Holdings in Palantir Technologies Inc. $PLTR

Patriot Financial Group Insurance Agency LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 43.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,402 shares of the company’s stock after selling 33,566 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Palantir Technologies were worth $5,180,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the 4th quarter worth $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at about $32,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

PLTR opened at $174.04 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business has a 50 day simple moving average of $134.60 and a two-hundred day simple moving average of $140.15. The firm has a market capitalization of $418.23 billion, a price-to-earnings ratio of 148.75, a PEG ratio of 2.48 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 for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.16 EPS. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the sale, the insider owned 60,226 shares in the company, valued at $7,757,108.80. The trade was a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was a 5.16% 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. Over the last three months, insiders sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Analyst Ratings Changes

A number of equities analysts have commented on PLTR shares. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 6th. DZ Bank assumed coverage on Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Citigroup cut shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and an average price target of $192.19.

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.