Chokshi & Queen Wealth Advisors Inc Acquires 3,446 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Chokshi & Queen Wealth Advisors increased its Palantir stake by 69.9% in the second quarter, purchasing 3,446 additional shares for a total of 8,374 shares valued at approximately $977,000. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and earnings of $0.41 per share, beating estimates. Its expanded PwC alliance and roughly $192 million U.S. Army TITAN contract provide additional commercial and government growth support.
• Valuation and competitive risks remain significant: shares carry a P/E ratio near 149 and a market capitalization above $400 billion, while Google’s government AI offerings and recent insider stock sales could weigh on sentiment. Analysts nonetheless give PLTR a “Moderate Buy” consensus rating with an average price target of $192.19.

Chokshi & Queen Wealth Advisors Inc grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 69.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,374 shares of the company's stock after purchasing an additional 3,446 shares during the period. Palantir Technologies comprises approximately 0.5% of Chokshi & Queen Wealth Advisors Inc's investment portfolio, making the stock its 25th biggest holding. Chokshi & Queen Wealth Advisors Inc's holdings in Palantir Technologies were worth $977,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Advisory Solutions Group LLC acquired a new position in Palantir Technologies during the second quarter worth $205,000. NBH Bank acquired a new stake in Palantir Technologies in the 2nd quarter valued at $294,000. AlphaGrep UK Ltd acquired a new stake in Palantir Technologies in the 2nd quarter valued at $1,011,000. Succession Financial Inc. bought a new stake in Palantir Technologies during the 2nd quarter worth about $241,000. Finally, MW Advisory LLC bought a new stake in Palantir Technologies during the 2nd quarter worth about $282,000. Institutional investors own 45.65% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $174.33 on Friday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The company has a market capitalization of $418.93 billion, a P/E ratio of 149.00, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62. The company has a 50-day simple moving average of $150.22 and a 200 day simple moving average of $143.55.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Wolfe Research began coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a "buy" rating for the company. Citigroup lowered Palantir Technologies from a "buy" rating to a "market perform" rating in a report on Tuesday, August 4th. Roth Capital began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Tuesday, August 4th. Finally, UBS Group set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.19.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider directly owned 599,899 shares of the company's stock, valued at approximately $77,986,870. The trade was a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the 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 completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. This trade represents a 7.11% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 721,508 shares of company stock valued at $117,070,093. 9.53% of the stock is owned by insiders.

Palantir Technologies Company 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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