Crossmark Global Holdings Inc. Has $29.98 Million Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• Crossmark Global Holdings increased its Palantir position by 43.2% in the second quarter, owning 256,921 shares valued at approximately $29.98 million. Institutional investors collectively hold 45.65% of PLTR’s outstanding stock.
• Analyst sentiment is broadly positive, with Palantir receiving a consensus “Moderate Buy” rating and an average price target of $192.19, despite targets ranging from $90 to $215.
• Palantir exceeded quarterly expectations, reporting $0.41 in earnings per share and $1.94 billion in revenue, up 92.8% year over year. However, its roughly $418 billion market capitalization and P/E ratio near 149 highlight significant valuation risk.

Crossmark Global Holdings Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 43.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 256,921 shares of the company's stock after buying an additional 77,558 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Palantir Technologies were worth $29,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLTR. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $29,000. Ballast Advisors LLC acquired a new stake in Palantir Technologies in the first quarter worth $29,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at $32,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLTR shares. DZ Bank assumed coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective on the stock. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. UBS Group set a $215.00 price target on Palantir Technologies in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $174.04 on Friday. The firm has a 50-day moving average of $134.60 and a 200-day moving average of $140.15. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company has a market cap of $418.23 billion, a P/E ratio of 148.75, a P/E/G ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $1.81 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, research analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction that occurred 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 transaction, the director owned 54,107 shares of the company's stock, valued at $8,927,655. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 592 shares in the company, valued at $80,535.68. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Corporate insiders own 9.53% of the company's stock.

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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