Palantir Technologies Inc. $PLTR Shares Sold by Spire Wealth Management

15 Aug 2026, 09:36 by Danessa Lincoln · The Markets Daily

Spire Wealth Management lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,847 shares of the company’s stock after selling 10,113 shares during the quarter. Spire Wealth Management’s holdings in Palantir Technologies were worth $8,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth $29,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies in the fourth quarter worth $31,000. Finally, Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the first quarter worth $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the sale, the insider owned 199,759 shares in the company, valued at $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,150,302 shares of company stock worth $156,197,565 in the last three months. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Down 2.8%

Shares of PLTR stock opened at $174.04 on Friday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The stock has a market cap of $417.23 billion, a P/E ratio of 148.75, a P/E/G ratio of 2.55 and a beta of 1.59. The business has a fifty day simple moving average of $134.60 and a 200-day simple moving average of $140.15.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released 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 return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Key Palantir Technologies News

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

Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. William Blair initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “neutral” rating for the company. BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Finally, Wedbush started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Moderate Buy” and a consensus price target of $192.19.

Get Our Latest Stock Analysis on PLTR

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.