Palantir Technologies Inc. $PLTR Stock Position Trimmed by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 496,002 shares of the company’s stock after selling 56,121 shares during the quarter. Palantir Technologies makes up approximately 2.3% of Salem Investment Counselors Inc.’s holdings, making the stock its 11th largest holding. Salem Investment Counselors Inc.’s holdings in Palantir Technologies were worth $92,777,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Signal Advisors Wealth LLC increased its position in Palantir Technologies by 204.7% in the third quarter. Signal Advisors Wealth LLC now owns 21,291 shares of the company’s stock worth $3,982,000 after purchasing an additional 41,622 shares during the period. Ifrah Financial Services Inc. bought a new stake in Palantir Technologies during the 3rd quarter worth about $293,000. Foster Group Inc. raised its holdings in Palantir Technologies by 0.6% during the 3rd quarter. Foster Group Inc. now owns 44,019 shares of the company’s stock worth $8,234,000 after purchasing an additional 283 shares during the last quarter. Krilogy Financial LLC raised its holdings in Palantir Technologies by 16.8% during the 3rd quarter. Krilogy Financial LLC now owns 22,656 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,256 shares during the last quarter. Finally, Affinity Capital Advisors LLC lifted its position in Palantir Technologies by 22.7% during the 3rd quarter. Affinity Capital Advisors LLC now owns 3,700 shares of the company’s stock valued at $692,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s bullish investment case remains centered on accelerating operating performance. Management raised fiscal 2026 revenue guidance, while the company’s latest reported quarter showed revenue growth of 92.8% year over year and earnings above analysts’ expectations. Several recent analyses argue that consensus estimates may still underestimate the company’s growth potential. Palantir guidance and stock momentum
• Positive Sentiment: The launch of Regna AI with Ondas expands Palantir’s sovereign-defense strategy. The new company will develop specialized AI models for military and mission-critical applications involving drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating additional government and institutional demand. Regna AI announcement
• Positive Sentiment: Investor sentiment has improved sharply following Palantir’s recent rally. Articles point to continued AI adoption, possible expansion in commercial and government markets, and rising analyst earnings estimates; some bullish forecasts see further upside despite the stock trading above many published price targets. Analyst sentiment and valuation

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Tuesday, August 4th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Jefferies Financial Group restated an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, DA Davidson increased their price objective on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus target price of $200.54.

Insiders Place Their Bets

In related news, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 559,390 shares of company stock worth $97,704,177 over the last ninety days. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 0.2%

Shares of PLTR opened at $208.67 on Wednesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The stock has a market cap of $501.45 billion, a P/E ratio of 178.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. The stock’s 50-day moving average price is $180.59 and its two-hundred day moving average price is $150.98.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 return on equity of 30.57% and a net margin of 49.01%. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Palantir Technologies Company Profile

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.