CX Institutional Purchases 6,908 Shares of Palantir Technologies Inc. $PLTR

Key Points

• CX Institutional increased its Palantir position by 170% in the third quarter, buying 6,908 additional shares to hold 10,971 shares valued at approximately $2.05 million. Institutional investors collectively own 45.65% of the company.
• Analyst sentiment remains positive overall, with Palantir holding a “Moderate Buy” consensus rating and an average price target of $195.33, although ratings range from Strong Buy to Sell.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and exceeded EPS expectations. However, insiders sold roughly $92.8 million of stock in the latest quarter, while the company’s high valuation— including a P/E ratio above 160—poses a risk if growth slows.

CX Institutional grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 170.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,971 shares of the company's stock after acquiring an additional 6,908 shares during the quarter. CX Institutional's holdings in Palantir Technologies were worth $2,052,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLTR. BlackRock Inc. lifted its position in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after buying an additional 757,322 shares in the last quarter. State Street Corp grew its stake in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company's stock worth $12,190,903,000 after buying an additional 2,863,874 shares during the period. Invesco Ltd. increased its position in shares of Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE increased its position in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after acquiring an additional 4,201,852 shares in the last quarter. Finally, Amundi raised its stake in shares of Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock valued at $2,400,513,000 after acquiring an additional 398,093 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Palantir Technologies in a research report on Friday, July 24th. BTIG Research lowered Palantir Technologies to a "neutral" rating in a research note on Tuesday, June 16th. Piper Sandler reiterated an "overweight" rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $195.33.

Insiders Place Their Bets

In other news, Director Lauren Friedman Stat sold 3,032 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders sold 535,027 shares of company stock valued at $92,829,340. Company insiders own 9.53% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Armada partnership expands sovereign AI opportunity. Palantir named Armada its inaugural Certified Modular Data Center Partner. The companies will combine Palantir’s Sovereign AI Operating System with U.S.- and allied-manufactured modular data centers, enabling government and enterprise customers to keep AI models, data, and hardware under their control—even in air-gapped environments. The announcement drove reports of a roughly 2% advance in the stock. Palantir and Armada Partner to Accelerate Sovereign AI Infrastructure
• Positive Sentiment: Strong operating momentum continues. Coverage highlights Palantir’s best quarter in a year, its ninth consecutive earnings beat, rapid revenue growth, expanding operating margins, and rising cash generation. Bullish analysts argue that demand for the company’s AI software could support substantially higher long-term revenue and earnings. Palantir’s Growth Could Justify a Much Higher Stock Price
• Neutral Sentiment: Cash flow is improving, but per-share gains are being watched. Palantir is producing substantially more cash as revenue expands; however, investors are evaluating whether that growth is sufficient to offset stock-based compensation and dilution. Is Palantir’s Cash Flow Keeping Ahead of Share Dilution?
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at a very high earnings multiple relative to the broader market. Any slowdown in growth, margin expansion, or AI spending could trigger a sharp repricing. What Could Go Wrong With Palantir Stock?
• Negative Sentiment: Some prominent investors are reducing exposure. Cathie Wood’s ARK Invest reportedly trimmed roughly $4 million of Palantir shares, while Michael Burry has maintained or increased a short position citing accounting and valuation concerns. These actions may reinforce near-term caution despite strong fundamentals. Peter Thiel Says US AI Demand Is Booming, but Cathie Wood Is Trimming Palantir

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $188.75 on Friday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The company has a market capitalization of $453.58 billion, a PE ratio of 161.32, a P/E/G ratio of 2.65 and a beta of 1.60. The business has a 50-day moving average of $170.80 and a 200-day moving average of $148.78.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's revenue was up 92.8% compared to the same quarter last year. On average, equities analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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