Palantir Technologies Inc. $PLTR Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,375 shares of the company’s stock after selling 3,840 shares during the period. Hollencrest Capital Management’s holdings in Palantir Technologies were worth $3,661,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the last quarter. State Street Corp raised its stake in shares of Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $5,149,641,000. Finally, Invesco Ltd. boosted its position in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after purchasing an additional 616,297 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir’s Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir’s Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles’ Heel

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PLTR shares. BNP Paribas Exane began coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating for the company. BTIG Research cut Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Jefferies Financial Group restated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director owned 54,107 shares of the company’s stock, valued at approximately $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the transaction, the insider owned 599,899 shares of the company’s stock, valued at approximately $77,986,870. This trade represents a 20.00% 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. In the last three months, insiders have sold 721,764 shares of company stock worth $117,080,858. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $186.29 on Friday. The firm has a market cap of $447.67 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 2.63 and a beta of 1.59. The firm has a 50 day simple moving average of $143.76 and a 200-day simple moving average of $142.05. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results 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 firm 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%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Equities analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

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.