71 West Capital Partners increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,126 shares of the company's stock after buying an additional 3,521 shares during the period. 71 West Capital Partners' holdings in Palantir Technologies were worth $4,331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC increased its position in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $31,000. Wexford Capital LP bought a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $36,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $35,000. Institutional investors own 45.65% of the company's stock.
Palantir Technologies Stock Down 0.6%
Shares of PLTR stock opened at $171.54 on Wednesday. The company has a 50 day moving average price of $136.11 and a 200-day moving average price of $140.11. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. 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 (NASDAQ:PLTR - Get Free Report) last announced its 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. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business's revenue for the quarter was up 92.8% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. 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 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 other news, insider Jeffrey Buckley sold 1,481 shares of the business's stock in a transaction on 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 $7,757,108.80. The trade was a 2.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 599,899 shares of the company's stock, valued at $77,986,870. This represents a 20.00% 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. Insiders have sold 228,608 shares of company stock worth $30,810,313 in the last 90 days. 9.53% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms recently weighed in on PLTR. UBS Group set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an "underperform" rating on the stock. Northland Securities set a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Thursday, July 30th. Finally, HSBC cut shares of Palantir Technologies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $192.19.
Read Our Latest 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.
Palantir's product portfolio centers on a small number of core platforms.
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