Palantir Technologies Inc. $PLTR Shares Sold by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 63.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,177 shares of the company’s stock after selling 3,724 shares during the period. Halter Ferguson Financial Inc.’s holdings in Palantir Technologies were worth $254,000 as of its most recent SEC filing.

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

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 research firms recently issued reports on PLTR. Northland Securities set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Citigroup cut shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $204.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. HSBC lowered shares of 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 research report on Friday, May 1st. Finally, Oppenheimer lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $174.04 on Monday. The stock has a market cap of $418.23 billion, a price-to-earnings ratio of 148.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business’s 50-day simple moving average is $134.60 and its 200 day simple moving average is $139.96.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share 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 net margin of 49.01% and a return on equity of 30.57%. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,150,302 shares of company stock valued at $156,197,565. Corporate insiders own 9.53% of the company’s stock.

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.