43,040 Shares in Palantir Technologies Inc. $PLTR Acquired by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Key Points

• Kranot Hishtalmut Le Morim Tichoniim acquired 43,040 Palantir shares worth approximately $5.02 million in the second quarter, while institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41 versus the $0.34 consensus estimate. Analysts’ average rating is “Moderate Buy,” with a consensus price target of $192.19.
• Despite robust growth, valuation remains a major risk: shares trade at a P/E ratio of about 146.6, while insiders have sold 228,608 shares worth $30.8 million over the past 90 days.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,040 shares of the company's stock, valued at approximately $5,021,000.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in Palantir Technologies in the second quarter worth $14,812,000. 111 Capital boosted its holdings in shares of Palantir Technologies by 12.4% during the second quarter. 111 Capital now owns 32,054 shares of the company's stock valued at $3,740,000 after acquiring an additional 3,544 shares during the period. Glynn Capital Management LLC boosted its holdings in shares of Palantir Technologies by 15.1% during the second quarter. Glynn Capital Management LLC now owns 68,776 shares of the company's stock valued at $8,024,000 after acquiring an additional 9,011 shares during the period. Golden Reserve Retirement LLC grew its position in shares of Palantir Technologies by 57.8% during the second quarter. Golden Reserve Retirement LLC now owns 4,202 shares of the company's stock worth $490,000 after acquiring an additional 1,539 shares during the last quarter. Finally, 71 West Capital Partners grew its position in shares of Palantir Technologies by 10.5% during the second quarter. 71 West Capital Partners now owns 37,126 shares of the company's stock worth $4,331,000 after acquiring an additional 3,521 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Trending Headlines about 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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $204.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. DZ Bank began coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 target price for the company. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an "overweight" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.19.

Insider Activity

In other news, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was 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 in the company, valued at approximately $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 228,608 shares of company stock worth $30,810,313. 9.53% of the stock is owned by company insiders.

Palantir Technologies Trading Down 0.6%

PLTR stock opened at $171.54 on Wednesday. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The company has a market capitalization of $412.22 billion, a price-to-earnings ratio of 146.62, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The firm's 50-day moving average is $136.11 and its two-hundred day moving average is $140.11.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 business 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. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Palantir Technologies Profile

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source