Baird Financial Group Inc. Acquires 139,419 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Baird Financial Group increased its Palantir stake by 37.7% in the second quarter, adding 139,419 shares for a total holding of 509,631 shares valued at approximately $59.5 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analysts’ $0.34 estimate. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $192.19.
• Valuation remains a key risk: Palantir trades at a price-to-earnings ratio near 145, while insiders sold roughly 720,000 shares worth $116.9 million over the past 90 days. Analyst opinions remain mixed, ranging from “Strong Buy” to “Sell.”

Baird Financial Group Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 509,631 shares of the company's stock after acquiring an additional 139,419 shares during the quarter. Baird Financial Group Inc.'s holdings in Palantir Technologies were worth $59,459,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after purchasing an additional 4,722 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies in the second quarter worth about $315,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued an "overweight" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a research report on Friday, July 24th. BNP Paribas Exane began coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating for the company. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $204.00 price target 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-one have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.19.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $169.53 on Thursday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company has a 50-day moving average of $153.34 and a 200 day moving average of $144.41. The firm has a market cap of $407.39 billion, a PE ratio of 144.90, a price-to-earnings-growth ratio of 2.41 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $0.16 EPS. The company's revenue for the quarter was up 92.8% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 150,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 720,027 shares of company stock valued at $116,879,340 in the last ninety days. Company insiders own 9.53% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Sovereign AI partnership expands Palantir’s commercial opportunity. Palantir named Nebius Group its preferred sovereign AI infrastructure partner, combining Palantir’s AIP, Foundry, and Apollo software with Nebius’ dedicated NVIDIA-powered data centers. The arrangement could help customers keep sensitive data and models within national borders while allowing Palantir to scale without making substantial investments in hardware. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Growth momentum remains a key support. Recent coverage highlights Palantir’s partnerships with PwC, Nvidia, and the U.S. Army, alongside a quarterly revenue increase of 92.8% and an earnings beat. The company’s asset-light model, high margins, and growing demand for enterprise and government AI deployments continue to support the long-term growth narrative. Palantir Stock Continues to Grow on the Back of Enterprise Partnerships
• Neutral Sentiment: Jim Cramer compared PLTR with an NFL wide receiver, characterizing it as a high-growth portfolio holding. The endorsement reinforces Palantir’s appeal to growth investors but does not change the company’s fundamentals. Jim Cramer Compares Palantir to an NFL Wide Receiver
• Negative Sentiment: Valuation remains the principal overhang. With a price-to-earnings ratio near 145, analysts question whether Palantir’s exceptional growth is already reflected in the stock. Articles also compare PLTR with cheaper AI software alternatives such as Snowflake and cite rating downgrades based on limited near-term catalysts. Palantir: Why Would Anyone Pay Such A Price
• Negative Sentiment: ARK Invest reportedly sold approximately $6.5 million to $25 million of Palantir while rotating into other AI-related holdings. Michael Burry also exited December 2026 PLTR puts as part of a broader risk reduction, which removes a bearish position but signals caution toward highly valued technology stocks. Michael Burry Sells Palantir December 2026 Puts

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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