Palantir Technologies Inc. $PLTR Stock Sold by Rhodes Investment Advisors Inc. ADV

Rhodes Investment Advisors Inc. ADV trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,290 shares of the company’s stock after selling 3,710 shares during the quarter. Rhodes Investment Advisors Inc. ADV’s holdings in Palantir Technologies were worth $1,551,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in Palantir Technologies by 0.4% in 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 position in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Invesco Ltd. raised its position in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. Bank of America Corp DE lifted its stake in shares of Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Finally, Amundi lifted its stake in shares of Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after purchasing an additional 398,093 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Veteran technology analyst Dan Ives named Palantir one of his top AI stock picks, arguing that a projected $4 trillion AI spending cycle remains in its early stages. The endorsement supports the view that Palantir could benefit from sustained enterprise and government AI investment. Dan Ives AI stock picks
• Positive Sentiment: Palantir’s partnership with Armada to deploy its Sovereign AI Operating System is reinforcing its push into air-gapped and sovereign infrastructure, potentially broadening demand beyond traditional government software. Palantir sovereign AI partnership
• Positive Sentiment: Analyst coverage remains broadly constructive. Zacks highlighted Wall Street’s optimistic view, while Ives reportedly initiated coverage favoring Palantir over Oracle. The bullish case is supported by Palantir’s recent earnings beat, 92.8% year-over-year revenue growth and strong profitability. Wall Street optimism on Palantir
• Neutral Sentiment: Investors are focused on the operating metric that will determine whether Palantir’s premium multiple can hold, particularly as costs rise and growth momentum potentially moderates. The company’s next results will be important for validating current expectations. Metric that could determine Palantir’s next move
• Negative Sentiment: Valuation remains the main risk. Articles note that PLTR trades at a substantial premium to the software sector, leaving limited room for execution misses or slower growth. Investor Michael Burry has also taken longer-dated bearish options positions on Palantir, citing concerns about an eventual AI downturn. Michael Burry bearish Palantir position
• Negative Sentiment: Director Lauren Friedman Stat sold 1,337 shares worth approximately $254,000 under a pre-arranged Rule 10b5-1 trading plan. The planned nature and relatively small size reduce the signal, but the sale adds to concerns about insider selling at elevated prices. Palantir director stock sale

Palantir Technologies Stock Up 1.1%

NASDAQ:PLTR traded up $2.05 on Wednesday, reaching $194.12. 15,686,216 shares of the company’s stock were exchanged, compared to its average volume of 42,842,438. The firm has a market capitalization of $466.48 billion, a price-to-earnings ratio of 165.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.60. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The business has a fifty day moving average of $173.33 and a 200-day moving average of $149.27.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren 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 35,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was 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. In the last three months, insiders have sold 536,364 shares of company stock worth $93,083,303. 9.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Palantir Technologies in a research report on Monday, September 28th. Wedbush initiated coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. Jefferies Financial Group reiterated an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $195.33.

Palantir Technologies 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.