Palantir Technologies Inc. $PLTR Shares Acquired by Worth Asset Management LLC

Worth Asset Management LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 69.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,681 shares of the company’s stock after acquiring an additional 2,747 shares during the period. Worth Asset Management LLC’s holdings in Palantir Technologies were worth $1,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $31,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $35,000. Monetary Solutions Ltd purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $36,000. Reflection Asset Management acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $35,000. Finally, Ballast Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter worth approximately $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $1.43 during trading on Wednesday, reaching $193.50. The company had a trading volume of 8,778,639 shares, compared to its average volume of 42,803,828. The firm has a market capitalization of $464.99 billion, a price-to-earnings ratio of 165.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.60. The stock’s fifty day moving average price is $173.33 and its 200 day moving average price is $149.27. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity

In other news, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade 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. Insiders sold 536,364 shares of company stock worth $93,083,303 in the last ninety days. 9.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Roth Capital began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.33.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir expanded its sovereign AI strategy by partnering with Armada to combine its Sovereign AI Operating System with modular data centers. The offering is intended for customers that want greater control over infrastructure, data and model weights, potentially broadening Palantir’s commercial and government opportunity. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher
• Positive Sentiment: Analyst Daniel Ives reportedly favors Palantir over Oracle, while other Wall Street coverage remains constructive. Bulls point to Palantir’s rapidly growing revenue, profitability and positioning in the expected expansion of enterprise AI spending. Palantir vs. Oracle
• Positive Sentiment: Several articles maintain that Palantir is a stronger long-term AI and data-platform investment than Snowflake, citing its already-established profits, customer adoption and ability to fund growth internally. Palantir or Snowflake
• Neutral Sentiment: Palantir’s latest reported quarter remains a key support for the bullish thesis: revenue rose 92.8% year over year to $1.94 billion and EPS exceeded estimates. However, investors now expect continued exceptional execution ahead of the next earnings report.
• Negative Sentiment: Valuation is limiting enthusiasm. With a market capitalization near $460 billion and a P/E ratio above 160, the stock has little room for slower growth or disappointing guidance after its substantial recent rally. Can Palantir Justify Its Multiple?
• Negative Sentiment: Investor Michael Burry has become more bearish on Palantir and other AI leaders, using longer-dated put options based on his expectation of a potential AI-sector downturn. A director also sold 1,337 shares under a pre-arranged Rule 10b5-1 plan, adding modest selling pressure but providing limited evidence about fundamentals. Michael Burry’s Bearish View

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.