Empowered Funds LLC Has $32.91 Million Stock Position in Palantir Technologies Inc. $PLTR

Empowered Funds LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,116 shares of the company's stock after acquiring an additional 76,528 shares during the quarter. Empowered Funds LLC's holdings in Palantir Technologies were worth $32,914,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Palantir Technologies by 0.4% in the 2nd 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 increased its stake in Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Geode Capital Management LLC raised its position in Palantir Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock worth $9,599,882,000 after purchasing an additional 805,047 shares in the last quarter. Norges Bank acquired a new position in Palantir Technologies in the fourth quarter worth about $5,149,641,000. Finally, Invesco Ltd. lifted its stake in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after purchasing an additional 616,297 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction dated Thursday, August 6th. The stock was 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 directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was 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 in the company, valued at approximately $8,927,655. This trade represents a 5.31% 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. Insiders have sold a total of 721,764 shares of company stock worth $117,080,858 over the last ninety days. Company insiders own 9.53% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Maven is emerging as a major growth catalyst. Palantir’s Maven Smart System is reportedly approaching a $1 billion annual revenue run rate, supported by a $244 million Pentagon funding increase through March 2027. Its designation as a program of record could provide access to as much as $2.3 billion in funding over five years. Palantir's Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Operating metrics remain unusually strong. A report highlighted Palantir’s 155% second-quarter fiscal 2026 Rule of 40 score—revenue growth plus adjusted operating margin—far above the 40% benchmark commonly used for healthy software companies. This reinforces the bullish case for buying on pullbacks. This 1 Number Proves Why You Should Buy Palantir on Every Dip
• Positive Sentiment: Recent earnings and guidance upgrades continue to support sentiment. Palantir reported better-than-expected quarterly results, raised full-year revenue guidance and continues to benefit from expansion across its government and commercial platforms. How Pentagon Maven Deal And Raised Guidance Changed Palantir's Investment Story
• Positive Sentiment: Analyst support is adding momentum. William Blair maintained a Buy rating, citing Maven’s path toward $1 billion in annual recurring revenue and favorable defense-spending trends. Palantir Earns Buy Rating as Maven Nears Billion-Dollar Status
• Neutral Sentiment: Analysts remain divided. While some see further upside from AI and defense demand, others question whether the stock’s recent rally is fully supported by new information, since many contracts and growth trends were already public. Analysts Conflicted on Palantir and Intuit
• Negative Sentiment: Insider selling remains a risk. CEO Alexander Karp sold nearly $86 million of shares, while co-founder Peter Thiel has reduced his stake over time. These sales may pressure sentiment even though Thiel remains a major shareholder. Palantir CEO Alexander Karp Sells $86 Million in Stock
• Negative Sentiment: Valuation leaves little room for disappointment. Commentators note that Palantir trades at demanding earnings and sales multiples; investor Michael Burry has reportedly added to a PLTR short position. Michael Burry Adds to Palantir Short Position

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLTR. DA Davidson lifted their price objective on Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Royal Bank Of Canada restated an "underperform" rating and set a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. Wedbush started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an "outperform" rating on the stock. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Wolfe Research initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies Trading Up 4.7%

NASDAQ:PLTR opened at $185.93 on Friday. The stock has a market capitalization of $446.80 billion, a P/E ratio of 158.91, a price-to-earnings-growth ratio of 2.51 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 $142.60 and a 200-day moving average of $141.74.

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 analysts' consensus estimates 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 analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.16 EPS. Palantir Technologies's revenue for the quarter was up 92.8% on a year-over-year basis. As a group, analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

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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