Activest Wealth Management Has $240,000 Holdings in Palantir Technologies Inc. $PLTR

Activest Wealth Management lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 60.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,053 shares of the company's stock after selling 3,079 shares during the quarter. Activest Wealth Management's holdings in Palantir Technologies were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Milestone Asset Management LLC raised its holdings in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock worth $10,763,000 after buying an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $222,143,000. VCI Wealth Management LLC increased its position in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock worth $2,166,000 after acquiring an additional 3,621 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Palantir Technologies by 0.7% during the fourth 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 in the last quarter. Finally, Optas LLC raised its holdings in shares of Palantir Technologies by 55.2% during the fourth quarter. Optas LLC now owns 18,647 shares of the company's stock worth $3,315,000 after acquiring an additional 6,633 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Phillip Securities boosted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Roth Capital started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. Mizuho boosted their price target on Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Finally, Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Two investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

More 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

Insider Activity

In other news, insider Alexander C. Karp sold 397,744 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 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 value of $2,330,093.12. Following the completion of the sale, the insider directly owned 375,242 shares of the company's stock, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 1,150,302 shares of company stock worth $156,197,565. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $174.04 on Friday. The stock's 50-day simple moving average is $134.60 and its 200 day simple moving average is $140.15. The company has a market cap of $418.23 billion, a P/E ratio of 148.75, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

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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