Cache Advisors LLC Raises Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Cache Advisors increased its Palantir stake by 30.4% in the second quarter, adding 21,018 shares for a total of 90,096 shares valued at approximately $10.5 million.
• Institutional investors own 45.65% of Palantir, with several major funds—including Norges Bank, State Street and Arrowstreet Capital—recently building substantial positions.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS beating estimates. Analysts maintain a “Moderate Buy” consensus, though insider selling and the stock’s elevated 153 price-to-earnings ratio remain notable considerations.

Cache Advisors LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,096 shares of the company's stock after acquiring an additional 21,018 shares during the period. Palantir Technologies accounts for approximately 0.9% of Cache Advisors LLC's holdings, making the stock its 17th biggest holding. Cache Advisors LLC's holdings in Palantir Technologies were worth $10,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PLTR. Norges Bank bought a new position in Palantir Technologies during the fourth quarter valued at $5,149,641,000. Jennison Associates LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership grew its holdings in Palantir Technologies by 277.4% during 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 purchasing an additional 7,678,747 shares during the last quarter. State Street Corp raised its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Finally, Cardano Risk Management B.V. lifted its stake in Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares of the company's stock, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider owned 592 shares of the company's stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. 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 90 days, insiders have sold 1,150,302 shares of company stock worth $156,197,565. 9.53% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $179.01 on Friday. The stock has a market cap of $429.14 billion, a price-to-earnings ratio of 153.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm has a 50-day moving average of $133.83 and a two-hundred day moving average of $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.16 earnings per share. The company's quarterly revenue was up 92.8% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Piper Sandler reissued an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Cantor Fitzgerald began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set an "overweight" rating for the company. DA Davidson upped their price objective on Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $204.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock 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.

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