Westwind Capital Decreases Holdings in Palantir Technologies Inc. $PLTR

Westwind Capital reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 63,624 shares of the company’s stock after selling 4,360 shares during the period. Palantir Technologies accounts for approximately 2.9% of Westwind Capital’s investment portfolio, making the stock its 10th largest holding. Westwind Capital’s holdings in Palantir Technologies were worth $11,901,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BCGM Wealth Management LLC lifted its position in Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after purchasing an additional 64 shares during the period. JDM Financial Group LLC lifted its holdings in Palantir Technologies by 20.9% in the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock valued at $45,000 after buying an additional 67 shares during the period. LifeSteps Financial Inc. grew its holdings in Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock worth $217,000 after acquiring an additional 69 shares during the period. IFC & Insurance Marketing Inc. raised its position in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company’s stock valued at $264,000 after acquiring an additional 70 shares during the last quarter. Finally, IMG Wealth Management Inc. boosted its position in shares of Palantir Technologies by 5.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 1,341 shares of the company’s stock worth $156,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander Karp sold 492,348 shares of the stock in a transaction 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 completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction 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 completion of the sale, the insider owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 536,364 shares of company stock worth $93,083,303. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock traded up $4.66 during trading hours on Thursday, reaching $198.78. 41,797,813 shares of the stock were exchanged, compared to its average volume of 42,837,207. The firm’s 50-day moving average is $174.75 and its 200-day moving average is $149.54. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a market cap of $477.68 billion, a price-to-earnings ratio of 169.90, a PEG ratio of 2.70 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.

Palantir Technologies News Roundup

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.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating on the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Friday, July 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.75.

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.