111 Capital Purchases 3,544 Shares of Palantir Technologies Inc. $PLTR

Key Points

• 111 Capital increased its Palantir position by 12.4% in the second quarter, adding 3,544 shares for a total of 32,054 shares valued at approximately $3.74 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analysts’ $0.34 estimate.
• Despite bullish growth expectations and a “Moderate Buy” consensus, valuation remains a major risk: the stock trades at a P/E ratio above 146, while several analysts recently downgraded shares to “Market Perform” or “Neutral.”

111 Capital increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,054 shares of the company's stock after acquiring an additional 3,544 shares during the period. Palantir Technologies comprises approximately 0.6% of 111 Capital's holdings, making the stock its 27th largest holding. 111 Capital's holdings in Palantir Technologies were worth $3,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Milestone Asset Management LLC lifted its stake in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after purchasing an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $222,143,000. Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. Optas LLC grew its holdings in Palantir Technologies by 55.2% during the fourth quarter. Optas LLC now owns 18,647 shares of the company's stock valued at $3,315,000 after purchasing an additional 6,633 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Palantir Technologies by 6.8% in the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock valued at $14,092,000 after purchasing an additional 5,070 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $171.54 on Wednesday. The company's 50-day moving average is $136.11 and its 200-day moving average is $140.11. The firm has a market capitalization of $412.22 billion, a PE ratio of 146.62, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm posted $0.16 earnings per share. The business's revenue was up 92.8% on a year-over-year basis. As a group, analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. The trade was a 2.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares in the company, valued at approximately $8,927,655. This trade represents a 5.31% 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. In the last 90 days, insiders sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PLTR shares. Roth Capital assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. William Blair began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "neutral" rating on the stock. BNP Paribas Exane initiated coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "underperform" rating for the company. Finally, Citigroup downgraded shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $192.19.

About Palantir Technologies

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.

Palantir's product portfolio centers on a small number of core platforms.

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