Beacon Pointe Advisors LLC Increases Stake in Palantir Technologies Inc. $PLTR

Key Points

• Beacon Pointe Advisors increased its Palantir stake by 90.7% in the second quarter, acquiring 229,423 additional shares for a total holding of 482,498 shares valued at approximately $56.3 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and adjusted earnings of $0.41 per share, exceeding analysts’ $0.34 estimate. The company’s AI and defense businesses continue to drive strong growth and profitability.
• Despite bullish growth expectations, valuation and insider selling remain key risks: PLTR trades at roughly 159 times earnings, while insiders sold about $117.1 million of stock over the past 90 days. Wall Street’s average rating is “Moderate Buy,” with an average price target of $192.19.

Beacon Pointe Advisors LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 90.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482,498 shares of the company's stock after purchasing an additional 229,423 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Palantir Technologies were worth $56,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $5,149,641,000. Jennison Associates LLC acquired a new position in Palantir Technologies in the 1st quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its position in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after buying an additional 7,678,747 shares during the last quarter. State Street Corp grew its stake in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock valued at $1,170,596,000 after acquiring an additional 5,938,343 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 721,764 shares of company stock valued at $117,080,858. Company insiders own 9.53% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $186.29 on Friday. The company has a market capitalization of $447.67 billion, a P/E ratio of 159.22, a P/E/G ratio of 2.63 and a beta of 1.59. The business has a fifty day simple moving average of $143.76 and a two-hundred day simple moving average of $142.05. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52.

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 analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. The firm's quarterly revenue was up 92.8% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir's Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir's Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles' Heel

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLTR. Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Roth Capital assumed coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada reissued an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.19.

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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