Envestnet Portfolio Solutions Inc. Acquires 9,108 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Envestnet Portfolio Solutions increased its Palantir stake by 9.0% in the second quarter, purchasing 9,108 additional shares for a total of 110,588 shares valued at approximately $12.9 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, beating analyst expectations.
• Valuation and insider selling remain key risks: PLTR trades at a P/E ratio near 164, while insiders sold roughly $116.9 million worth of shares over the past 90 days; analysts nevertheless maintain a “Moderate Buy” consensus with an average target of $195.33.

Envestnet Portfolio Solutions Inc. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,588 shares of the company's stock after purchasing an additional 9,108 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Palantir Technologies were worth $12,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Envestnet Asset Management Inc. boosted its position in shares of Palantir Technologies by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,228,011 shares of the company's stock worth $143,270,000 after purchasing an additional 115,708 shares in the last quarter. State Street Corp lifted its holdings in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Wellington Altus USA Inc. lifted its stake in Palantir Technologies by 453.8% in the second quarter. Wellington Altus USA Inc. now owns 7,559 shares of the company's stock valued at $882,000 after buying an additional 6,194 shares in the last quarter. Anchor Investment Management LLC boosted its stake in Palantir Technologies by 8.3% in the 2nd quarter. Anchor Investment Management LLC now owns 7,985 shares of the company's stock worth $932,000 after purchasing an additional 611 shares during the period. Finally, Bullseye Investment Management LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $65,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other news, insider Alexander Karp sold 492,348 shares of the stock in a transaction dated 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 transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 3,032 shares of Palantir Technologies 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 sale, the director directly owned 54,107 shares of the company's stock, valued at $8,927,655. The trade was 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 720,027 shares of company stock valued at $116,879,340 in the last ninety days. 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: FAA opportunity could expand: Although Palantir reportedly lost an $875 million FAA contract, the agency launched its SMART AI flight-management system using Palantir technology. Rosenblatt reiterated its Buy rating and $225 price target, arguing that deeper FAA adoption could create a larger, longer-term government opportunity. Palantir Stock Rises Despite Losing FAA AI Deal
• Positive Sentiment: Strong growth and AI momentum: Recent earnings showed revenue growth of 92.8% year over year and earnings above analyst expectations. Coverage continues to highlight Palantir’s ability to monetize AI across government and commercial customers, supporting renewed investor enthusiasm. Palantir Stock’s Dramatic Comeback
• Positive Sentiment: Technical and sector support: Palantir cleared the $188 resistance level and flashed an IBD buy signal. Cybersecurity and AI-related stocks also attracted defensive investor flows while broader large-cap technology weakened. Palantir and Palo Alto Flash Buy Signals
• Positive Sentiment: Additional commercial use cases: Chipotle is piloting Palantir for food-safety risk management, while Surf Air Mobility signed a second contract for flight-operations software powered by Palantir. These deployments provide evidence of expansion beyond traditional government work.
• Neutral Sentiment: International expansion: Palantir hired former U.K. Labour deputy Tom Watson as it seeks to expand in Britain. The appointment may strengthen government relationships but has also prompted political criticism. Palantir Hires Tom Watson
• Negative Sentiment: Valuation and macro risks: With a reported P/E ratio near 164, the stock requires continued exceptional growth to justify its valuation. Rising Treasury yields, higher oil prices, and broader market weakness could limit further gains.
• Negative Sentiment: Prominent short seller remains bearish: Michael Burry disclosed an expanded short position in PLTR, warning that enthusiasm around AI-linked stocks may be excessive. His view adds volatility and reinforces concerns about sustainability after the recent rally. Michael Burry Expands Palantir Short Position

Palantir Technologies Stock Up 3.7%

Shares of NASDAQ PLTR opened at $191.79 on Thursday. The business's 50 day moving average price is $162.46 and its two-hundred day moving average price is $147.00. The company has a market cap of $460.88 billion, a PE ratio of 163.92, a price-to-earnings-growth ratio of 2.62 and a beta of 1.62. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $0.16 EPS. The firm's revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Wolfe Research assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of Palantir Technologies in a report on Wednesday. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.33.

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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