Blodgett Wealth Advisors LLC Purchases 3,035 Shares of Palantir Technologies Inc. $PLTR

Blodgett Wealth Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 175.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,760 shares of the company's stock after purchasing an additional 3,035 shares during the quarter. Blodgett Wealth Advisors LLC's holdings in Palantir Technologies were worth $555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PLTR. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new position in Palantir Technologies during the fourth quarter worth $31,000. Wexford Capital LP bought a new position in Palantir Technologies during the third quarter worth $36,000. Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies during the 4th quarter valued at $35,000. Finally, Monetary Solutions Ltd acquired a new position in Palantir Technologies during the 4th quarter valued at $36,000. 45.65% of the stock is currently owned by institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $177.50 on Thursday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The firm has a market capitalization of $426.54 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. The company's fifty day moving average price is $141.46 and its two-hundred day moving average price is $141.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.16 EPS. The firm's revenue for the quarter was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares in the company, valued at $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction that occurred on 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 sale, the insider directly owned 599,899 shares in the company, valued at $77,986,870. The trade was a 20.00% 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 723,431 shares of company stock worth $117,330,908 in the last three months. 9.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PLTR has been the topic of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 4th. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. HSBC downgraded Palantir Technologies from a "buy" rating to a "hold" rating and decreased their target price for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Finally, Wedbush began coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating on the stock. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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