AlTi Global Inc. Acquires 3,069 Shares of Palantir Technologies Inc. $PLTR

Key Points

• AlTi Global increased its Palantir stake by 128.4% in the second quarter, purchasing 3,069 additional shares to hold 5,459 shares valued at approximately $637,000. Institutional investors collectively own 45.65% of Palantir.
• Palantir insiders sold 228,608 shares worth about $30.8 million over the past 90 days, including a $5.45 million sale by insider Shyam Sankar under a pre-arranged trading plan.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $192.19 price target. However, Palantir’s elevated valuation—its P/E ratio is approximately 149.74—continues to fuel skepticism despite quarterly revenue growth of 92.8% and an earnings beat.

AlTi Global Inc. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 128.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,459 shares of the company's stock after buying an additional 3,069 shares during the quarter. AlTi Global Inc.'s holdings in Palantir Technologies were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at $29,000. Morton Brown Family Wealth LLC grew its holdings in shares of Palantir Technologies by 250.0% during 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 worth $31,000. Finally, Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter worth $32,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the 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 transaction, the insider directly owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. The trade was a 2.40% 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. In the last ninety days, insiders sold 228,608 shares of company stock valued at $30,810,313. Company insiders own 9.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. William Blair assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a "neutral" rating for the company. HSBC lowered Palantir Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. Finally, UBS Group set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
• Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
• Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
• Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here's the Data
• Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
• Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
• Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again

Palantir Technologies Stock Performance

PLTR opened at $175.19 on Thursday. The stock has a market capitalization of $420.99 billion, a PE ratio of 149.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.59. The stock's 50 day moving average price is $137.01 and its 200-day moving average price is $140.27. 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 announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Palantir Technologies Company 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.

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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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