Palantir Technologies Inc. $PLTR Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,428,673 shares of the company’s stock after selling 79,171 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Palantir Technologies worth $166,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Basepoint Wealth LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at $29,000. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth about $31,000. Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter worth about $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 35,000 shares of the company’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 sale, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 1,342 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director directly owned 52,765 shares of the company’s stock, valued at $9,629,612.50. This represents a 2.48% 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 720,027 shares of company stock worth $116,879,340 in the last three months. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 2.2%

Shares of PLTR opened at $165.86 on Friday. The firm has a market capitalization of $398.57 billion, a PE ratio of 141.76, a P/E/G ratio of 2.40 and a beta of 1.62. The firm has a 50-day moving average price of $154.07 and a 200 day moving average price of $144.63. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating on the stock. Cantor Fitzgerald initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating on the stock. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research report on Tuesday, August 11th. Finally, Northland Securities set a $200.00 price objective on Palantir Technologies in a 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: NVIDIA partnership strengthens Palantir’s AI credentials. Palantir and NVIDIA unveiled a “sovereign AI” supply-chain stack combining NVIDIA’s Nemotron models and cuOpt software with Palantir Foundry, AIP and Ontology. NVIDIA will initially use the system in its own manufacturing and logistics operations, potentially providing a high-profile reference customer and a path to additional industrial deployments. NVIDIA and Palantir Bring Sovereign Intelligence to Critical Supply Chains
• Positive Sentiment: Palantir expanded its commercial and international ecosystem. Fujitsu renewed and deepened its partnership, signing for AIP and Foundry in Japan and becoming a global forward-deployed engineering partner. Palantir also announced the Cardinal cybersecurity program with Method Security and showcased enterprise, government and defense customers at AIPCon 11. Palantir and Fujitsu Partnership
• Positive Sentiment: Defense momentum remains supportive. Palantir won a $127 million U.S. Army TITAN production contract, reinforcing its position in battlefield intelligence and expanding its government revenue opportunity. Palantir’s New U.S. Army Contract
• Neutral Sentiment: New partnerships have not immediately translated into stronger share performance. Reports noted that both Palantir and NVIDIA fell amid the announcement, while macro pressure from higher oil prices, Treasury yields and an unfavorable inflation reading weighed on technology stocks.
• Negative Sentiment: Valuation concerns are limiting enthusiasm. Commentary highlighted Palantir’s sharply higher valuation, with one technology ranking placing it well behind Axon and analysts describing much of the potential re-rating as already reflected in the stock. The company’s roughly 142 price-to-earnings ratio leaves shares vulnerable to profit-taking if growth expectations moderate.
• Negative Sentiment: Notable investors remain cautious. Michael Burry continues to hold longer-dated Palantir puts despite closing December 2026 positions, and ARK Invest has trimmed its PLTR holdings. These moves reinforce concerns that AI enthusiasm and recent gains may have pushed the stock ahead of fundamentals. Michael Burry Reduces Palantir Exposure

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.