BIP Wealth LLC Buys 5,446 Shares of Palantir Technologies Inc. $PLTR

BIP Wealth LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,836 shares of the company's stock after buying an additional 5,446 shares during the quarter. BIP Wealth LLC's holdings in Palantir Technologies were worth $2,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. CYBER HORNET ETFs LLC boosted its position in shares of Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock valued at $966,000 after acquiring an additional 65 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Palantir Technologies by 0.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company's stock valued at $3,124,000 after purchasing an additional 67 shares during the period. Financial Partners Group Inc boosted its holdings in Palantir Technologies by 1.8% in the 4th quarter. Financial Partners Group Inc now owns 3,802 shares of the company's stock valued at $676,000 after purchasing an additional 68 shares during the period. LifeSteps Financial Inc. grew its position in shares of Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after purchasing an additional 69 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. grew its position in shares of Palantir Technologies by 4.0% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after purchasing an additional 70 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,150,302 shares of company stock worth $156,197,565. 9.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. William Blair started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "neutral" rating on the stock. Piper Sandler restated an "overweight" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Mizuho upped their target price on Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Northland Securities set a $200.00 price target on Palantir Technologies in a report on Tuesday, August 4th. Finally, BNP Paribas Exane assumed coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "underperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company 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: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $172.55 on Tuesday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The firm has a fifty day moving average of $135.32 and a 200 day moving average of $140.01. The firm has a market capitalization of $414.65 billion, a PE ratio of 147.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating 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 the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $0.16 earnings per share. The company's revenue for the quarter was up 92.8% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Palantir Technologies 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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