Atwood & Palmer Inc. Sells 8,012 Shares of Palantir Technologies Inc. $PLTR

Atwood & Palmer Inc. lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 428,247 shares of the company’s stock after selling 8,012 shares during the quarter. Palantir Technologies makes up about 4.3% of Atwood & Palmer Inc.’s portfolio, making the stock its 2nd biggest holding. Atwood & Palmer Inc.’s holdings in Palantir Technologies were worth $80,104,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp boosted its holdings in Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Invesco Ltd. boosted its holdings in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Bank of America Corp DE increased its stake in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after buying an additional 4,201,852 shares in the last quarter. Finally, Amundi increased its stake in Palantir Technologies by 2.5% during the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after buying an additional 398,093 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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, Director Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction dated Wednesday, August 5th. The shares were 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 536,364 shares of company stock worth $93,083,303. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR stock traded up $4.66 during trading on Thursday, hitting $198.78. 41,797,813 shares of the stock traded hands, compared to its average volume of 42,837,207. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The firm has a market capitalization of $477.68 billion, a P/E ratio of 169.90, a price-to-earnings-growth ratio of 2.70 and a beta of 1.60. The firm’s fifty day moving average price is $174.75 and its 200-day moving average price is $149.54.

Palantir Technologies (NASDAQ:PLTR) last issued 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target. Analyst Gabriela Borges said demand for sovereign AI, bespoke software and specialized industry applications could significantly expand Palantir’s addressable market. Goldman Sachs upgrades Palantir to Buy with $230 target
• Positive Sentiment: The upgrade reinforces the view that Palantir’s AI opportunity extends beyond its existing government and commercial software businesses. Coverage highlighted sovereign AI—countries and organizations controlling their own infrastructure, data and models—as a potential new growth market. Palantir gets Goldman Sachs upgrade as sovereign AI opens a new market
• Positive Sentiment: Reports on Palantir’s Maven expansion and its partnership-oriented sovereign-AI strategy suggest the company is seeking to broaden deployments across defense and other strategic customers. Investors view this as evidence that its platforms may scale into larger, mission-critical contracts. What does Palantir Maven expansion mean for AI growth?
• Positive Sentiment: Other bullish commentary, including Dan Ives’ selection of Palantir as a top AI stock, is adding momentum to the narrative that enterprise and government AI spending remains in its early stages. Dan Ives names Palantir a top AI pick
• Neutral Sentiment: The bullish thesis comes with a demanding valuation: Palantir trades at roughly 170 times earnings based on the provided background data. Investors will likely require continued exceptional revenue growth and contract momentum to justify the premium multiple.
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, providing a counterpoint to Goldman’s upgrade. Palantir rating lowered to Hold by Zacks
• Negative Sentiment: Recent reporting also points to substantial insider selling, with executives selling shares but making no reported open-market purchases over the past six months. Separately, Michael Burry has reportedly used longer-dated put options against Palantir, reflecting concerns about AI-sector valuations and a potential slowdown.

Analyst Ratings Changes

PLTR has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. UBS Group increased their price objective on Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Citigroup cut shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.75.

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.