BlackRock Inc. Has $22.15 Billion Holdings in Palantir Technologies Inc. $PLTR

Key Points

• BlackRock increased its Palantir stake by 0.4% in the second quarter, bringing its holdings to 189.8 million shares valued at $22.15 billion, or roughly 7.92% of PLTR. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41 versus the $0.34 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $192.19.
• Despite strong growth and positive momentum, valuation and insider selling remain key risks: the stock trades at a P/E ratio above 153, while insiders sold approximately $30.7 million worth of shares over the past 90 days.

BlackRock Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,817,693 shares of the company's stock after purchasing an additional 757,322 shares during the quarter. BlackRock Inc. owned about 7.92% of Palantir Technologies worth $22,146,030,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $31,000. Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $35,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 3.4%

Shares of NASDAQ:PLTR opened at $179.94 on Friday. The stock has a market cap of $432.41 billion, a PE ratio of 153.79, a price-to-earnings-growth ratio of 2.46 and a beta of 1.59. The stock's fifty day simple moving average is $138.90 and its two-hundred day simple moving average is $140.74. 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 results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 150,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares of the company's stock, valued at $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business's stock in a transaction 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 sale, the director owned 54,107 shares in the company, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 227,778 shares of company stock worth $30,696,263 in the last 90 days. Company insiders own 9.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PLTR shares. Piper Sandler reissued an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada restated an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. DA Davidson raised their price target on Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, Wolfe Research started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating on the stock. Two research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry's Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source