Palantir Technologies Inc. $PLTR Shares Sold by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 86.3% in the third quarter, Holdings Channel.com reports. The firm owned 3,449 shares of the company’s stock after selling 21,667 shares during the quarter. St. Louis Financial Planners Asset Management LLC’s holdings in Palantir Technologies were worth $595,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC grew its stake 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 acquiring an additional 4,283 shares in the last quarter. Independent Financial Group LLC boosted its holdings in Palantir Technologies by 20.8% during the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after purchasing an additional 32,427 shares during the last quarter. World Equity Group Inc. boosted its holdings in Palantir Technologies by 7.2% during the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after purchasing an additional 2,948 shares during the last quarter. Sage Capital Advisors llc grew its position in Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock valued at $7,810,000 after purchasing an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. bought a new position in Palantir Technologies in the second quarter valued at $539,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $14.47 on Friday, hitting $186.03. 33,238,730 shares of the stock were exchanged, compared to its average volume of 23,416,700. The business’s fifty day moving average is $182.61 and its 200 day moving average is $152.00. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The company has a market capitalization of $447.04 billion, a PE ratio of 159.00, a P/E/G ratio of 3.53 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last announced 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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. 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. Insiders sold 560,390 shares of company stock worth $97,909,177 in the last 90 days. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $25.50 to $133.00 in a report on Monday, June 29th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Weiss Ratings upgraded Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Cantor Fitzgerald began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Moderate Buy” and an average target price of $201.61.

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.