6,313 Palantir Technologies Inc. $PLTR Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 506,678 shares of the company’s stock after selling 6,313 shares during the quarter. Congress Asset Management Co.’s holdings in Palantir Technologies were worth $94,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC boosted its holdings in shares of Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after buying an additional 4,283 shares during the period. Independent Financial Group LLC raised its holdings in Palantir Technologies by 20.8% in the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after acquiring an additional 32,427 shares during the period. World Equity Group Inc. raised its holdings in Palantir Technologies by 7.2% in the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after acquiring an additional 2,948 shares during the period. Sage Capital Advisors llc raised its holdings in Palantir Technologies by 63.5% in the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after acquiring an additional 25,995 shares during the period. Finally, V. M. Manning & CO. Inc. acquired a new position in Palantir Technologies during the 2nd quarter worth $539,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PLTR shares. William Blair restated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Citigroup lowered Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. Wedbush assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating for the company. Northland Securities set a $200.00 target price on Palantir Technologies in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.33.

Palantir Technologies Stock Up 1.4%

Palantir Technologies stock traded up $2.67 during mid-day trading on Tuesday, reaching $192.07. The company had a trading volume of 17,606,267 shares, compared to its average volume of 42,983,805. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The company has a 50 day moving average of $171.96 and a 200-day moving average of $148.99. The firm has a market cap of $461.56 billion, a price-to-earnings ratio of 164.16, a PEG ratio of 2.65 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $0.16 EPS. The business’s quarterly revenue was up 92.8% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 536,364 shares of company stock worth $93,083,303 in the last three months. Corporate insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s sovereign-AI strategy is gaining attention as governments and enterprises seek locally controlled, secure and “air-gapped” AI systems. Coverage highlights the potential for this business to expand beyond traditional government contracts. Palantir Stock Gains as Air-Gapped AI Moves Beyond Government Software
• Positive Sentiment: Bullish analysts point to Palantir’s control of its AI orchestration layer, partnerships with Nvidia and Nebius, open-source integrations and approximately $4.9 billion in remaining deal value. These factors could support continued commercial and government growth. Palantir Bullish AI Case Has Never Looked More Exciting
• Positive Sentiment: The latest reported quarter remains a major catalyst: revenue increased 92.8% year over year to $1.94 billion, while EPS of $0.41 exceeded the $0.34 consensus estimate. Commentators say strong margins, customer spending and defense adoption provide a foundation for further earnings surprises. Palantir Stock Surges 42% in Three Months
• Positive Sentiment: Palantir’s Maven Smart System was designated a formal government program of record, potentially improving the durability of defense revenue. Investors will look for confirmation of continued commercial growth in the company’s November 2 earnings report. Palantir Defense Momentum Strengthens the Bullish Case
• Neutral Sentiment: Technical coverage identifies important chart levels near the current trading range, while analysts continue to debate whether Palantir’s roughly $450 billion valuation is justified by its growth. Palantir Stock Hovers Near $192 as Analysts Debate Valuation
• Negative Sentiment: Valuation remains the principal risk. Palantir trades at well over 100 times forward earnings, several times the sector multiple, leaving little room for slower growth or execution problems. Competition from other AI providers and potential UK contract risks add uncertainty. Can Palantir Justify a Multiple Five Times the Sector’s?
• Negative Sentiment: Director Lauren Friedman Stat sold 1,337 shares worth approximately $254,000. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced her holdings by only 2.53%, limiting its significance but still adding to concerns about insider profit-taking at elevated prices. Palantir Director Sells Shares

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.