Allied Private Wealth LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Key Points

• Allied Private Wealth LLC acquired 4,826 Palantir shares during the second quarter, valued at approximately $563,000. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong second-quarter results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating analyst estimates. Analysts have raised earnings forecasts, but the stock’s high valuation and continued insider selling remain key risks.
• PLTR opened at $172.01, with a market capitalization of $412.36 billion and a price-to-earnings ratio of 147.02. Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $190.73.

Allied Private Wealth LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,826 shares of the company's stock, valued at approximately $563,000.

A number of other hedge funds have also modified their holdings of the stock. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth approximately $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Palantir Technologies 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 in the company, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,115,302 shares of company stock valued at $150,748,065 over the last ninety days. Company insiders own 9.53% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PLTR shares. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Wedbush began coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "outperform" rating on the stock. Jefferies Financial Group reaffirmed an "underperform" rating and set a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Oppenheimer downgraded Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Two 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $190.73.

Palantir Technologies Stock Performance

PLTR opened at $172.01 on Monday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm has a market cap of $412.36 billion, a PE ratio of 147.02, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59. The firm's fifty day moving average is $131.76 and its two-hundred day moving average is $139.70.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.16 EPS. The firm's revenue was up 92.8% compared to the same quarter last year. Equities analysts forecast that Palantir Technologies Inc. will post 1.26 EPS 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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