Accurate Wealth Management LLC Boosts Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Accurate Wealth Management increased its Palantir stake by 13.4% in the second quarter, bringing its holdings to 26,852 shares valued at $3.4 million. Institutional investors and hedge funds collectively own 45.65% of the company.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, while EPS of $0.41 exceeded the $0.34 consensus estimate. Shares traded at $179.01, with a market capitalization of $429.14 billion and a P/E ratio of 153.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $192.19, though targets range from $90 to $215. Insiders sold about $156.2 million of stock over the past 90 days, primarily to cover tax obligations tied to equity vesting.

Accurate Wealth Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,852 shares of the company's stock after acquiring an additional 3,168 shares during the quarter. Accurate Wealth Management LLC's holdings in Palantir Technologies were worth $3,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at $29,000. Morton Brown Family Wealth LLC raised its stake in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies in the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 4.7%

Palantir Technologies stock opened at $179.01 on Friday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The stock has a market cap of $429.14 billion, a P/E ratio of 153.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. The company has a fifty day simple moving average of $133.83 and a 200-day simple moving average of $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTR. DA Davidson raised their target price on Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Mizuho upped their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Finally, Phillip Securities increased their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

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.

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.

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