Orion Capital Management LLC Decreases Stock Position in Palantir Technologies Inc. $PLTR

Orion Capital Management LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 94.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,144 shares of the company’s stock after selling 20,060 shares during the quarter. Orion Capital Management LLC’s holdings in Palantir Technologies were worth $133,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. The trade was a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 720,166 shares of company stock worth $116,825,178. Corporate insiders own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Tuesday, August 4th. UBS Group set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Piper Sandler restated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Price Performance

PLTR stock opened at $169.46 on Thursday. The company has a market capitalization of $407.22 billion, a P/E ratio of 144.84, a price-to-earnings-growth ratio of 2.54 and a beta of 1.62. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm’s fifty day simple moving average is $147.48 and its 200-day simple moving average is $142.97.

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, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: U.S. Army TITAN award strengthens defense outlook: Palantir won an agreement to produce and deliver eight AI-enabled TITAN battlefield intelligence ground stations. Reports value Palantir’s portion at approximately $127 million within a broader $192 million production award shared with Anduril. The contract moves TITAN into production and supports Palantir’s position in software-defined defense. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Commercial and financial-services expansion remains a catalyst: Former AIG Chairman and CEO Peter Zaffino will join Palantir in January 2027 as Global Head of Financial Services. The appointment could help accelerate enterprise adoption, although some valuation analysis suggests the hiring news may already be reflected in the share price. Peter Zaffino to Join Palantir Technologies as Global Head of Financial Services
• Positive Sentiment: Some analysts remain bullish: Zacks upgraded Palantir to Rank #1, or Strong Buy, citing improving earnings prospects. Jim Cramer also pointed to Palantir’s Rule of 40 performance, while Baird maintained an Outperform view and a $200 price target following a product demonstration. Palantir Technologies Upgraded to Strong Buy
• Neutral Sentiment: Leadership is increasing its defense-tech exposure: CEO Alex Karp is backing a new defense-technology venture led by former Ukrainian defense official Mykhailo Fedorov. The move may expand Palantir’s strategic network, but it is not an immediate revenue catalyst for PLTR. Palantir CEO Alex Karp backs new defense-tech startup
• Negative Sentiment: Profit-taking and institutional selling are weighing on the shares: Palantir gained roughly 48% in August, prompting investors to lock in gains. ARK Invest also sold about $26 million of PLTR stock, adding to near-term supply. Palantir stock falls as investors take profit
• Negative Sentiment: Valuation remains the central concern: With a market capitalization above $400 billion and a price-to-earnings ratio near 145, the stock is priced for sustained high growth. Analysts are questioning whether recent gains leave insufficient room for execution missteps, while a downgrade after reaching a price target has reinforced caution. Why Palantir’s stock is suffering its worst slump since February
• Negative Sentiment: Competitive and sector pressures are adding to the pullback: Google’s push into markets that overlap with Palantir’s profitable AI and government-software businesses raises a longer-term competitive risk. Broad selling across software stocks is amplifying the effect, even as the Army contract provides supportive fundamentals. Palantir Stock Gets New Problem From Google

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.