Concurrent Investment Advisors LLC Raises Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Concurrent Investment Advisors increased its Palantir holdings by 1.5% in the second quarter, adding 3,038 shares for a total of 201,740 shares valued at approximately $23.5 million. 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, exceeding consensus estimates. Shares were trading at $182.53, while the stock carried a highly elevated price-to-earnings ratio of 156.01.
• Analysts maintain a generally positive outlook, but valuation and competition remain risks. The stock has a “Moderate Buy” consensus rating and an average price target of $192.19, while Google’s government AI tools, concerns about growth sustainability and recent insider selling could weigh on shares.

Concurrent Investment Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,740 shares of the company's stock after purchasing an additional 3,038 shares during the period. Concurrent Investment Advisors LLC's holdings in Palantir Technologies were worth $23,537,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Palantir Technologies by 6.8% in the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock worth $14,092,000 after acquiring an additional 5,070 shares during the period. Income Insurance Ltd bought a new position in Palantir Technologies during the fourth quarter valued at approximately $1,228,000. Schnieders Capital Management LLC. lifted its position in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after purchasing an additional 1,694 shares during the period. Pacific Heights Asset Management LLC boosted its holdings in Palantir Technologies by 4.9% in the fourth quarter. Pacific Heights Asset Management LLC now owns 1,175,000 shares of the company's stock worth $208,856,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $1,511,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Expanded PwC alliance supports enterprise growth. Palantir and PwC will collaborate on scaling enterprise AI, mergers-and-acquisitions transformation and ERP modernization. The partnership could help Palantir reach more corporate customers and convert AI interest into larger, recurring deployments. PwC and Palantir Expand Strategic Alliance to Help Organizations Scale Enterprise AI
• Positive Sentiment: Palantir’s implementation model is gaining industry recognition. A Fortune report noted that technology companies are increasingly adopting Palantir’s “forward-deployed engineer” approach, placing engineers directly with customers to implement AI systems. This may reinforce the company’s competitive positioning, although it also highlights a potentially labor-intensive delivery model. One of the Fastest-Growing Jobs in Silicon Valley
• Neutral Sentiment: Management continues promoting proprietary AI advantages. CEO Alex Karp argued that the key risk in enterprise AI is exposing a company’s proprietary “alpha,” rather than simply leaking data. The comments support Palantir’s emphasis on secure, customized AI deployments but do not represent a new contract or financial forecast. Palantir’s Alex Karp: The Real AI Leak Isn’t Data, It’s Your Alpha
• Negative Sentiment: Competition and valuation remain major risks. Analysts pointed to Google’s new government-focused AI tools as a potential threat to Palantir’s lucrative public-sector business. Separately, Burry renewed his criticism, alleging weakening bargaining power and channel stuffing and warning that Palantir resembles an AI-FOMO bubble. With a market capitalization above $400 billion and a triple-digit P/E ratio, the stock remains highly sensitive to any slowdown in growth or margin expansion. What’s Bugging Palantir’s Stock?

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Phillip Securities lifted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. The Goldman Sachs Group restated a "neutral" rating and issued a $204.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Palantir Technologies in a report on Thursday, July 30th. Wedbush initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an "outperform" rating for the company. Finally, 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. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Trading Up 7.7%

Shares of NASDAQ PLTR opened at $182.53 on Friday. The firm has a 50 day moving average of $148.99 and a 200 day moving average of $143.33. The firm has a market capitalization of $438.63 billion, a price-to-earnings ratio of 156.01, a price-to-earnings-growth ratio of 2.40 and a beta of 1.62. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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 business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm's revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 1,250 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, Director Lauren Friedman Stat sold 1,342 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the completion of the transaction, the director directly owned 52,765 shares in the company, valued at approximately $9,629,612.50. This represents a 2.48% 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. Over the last quarter, insiders have sold 721,508 shares of company stock valued at $117,070,093. Company insiders own 9.53% of the company's stock.

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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