Fagan Associates Inc. Acquires 5,428 Shares of Palantir Technologies Inc. $PLTR

Fagan Associates Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,408 shares of the company's stock after buying an additional 5,428 shares during the quarter. Palantir Technologies accounts for about 1.9% of Fagan Associates Inc.'s investment portfolio, making the stock its 14th largest position. Fagan Associates Inc.'s holdings in Palantir Technologies were worth $15,331,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $29,000. Ballast Advisors LLC bought a new position in Palantir Technologies during the first quarter worth $29,000. Morton Brown Family Wealth LLC increased its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter valued at $32,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR opened at $171.54 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm's fifty day moving average price is $136.11 and its two-hundred day moving average price is $140.11. The company has a market capitalization of $412.22 billion, a P/E ratio of 146.62, a P/E/G ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business's revenue for the quarter was up 92.8% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLTR shares. Oppenheimer lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Phillip Securities upped their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Citigroup cut shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. BTIG Research downgraded Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Finally, Wedbush initiated coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.19.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director owned 54,107 shares of the company's stock, valued at $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares of the company's stock, valued at $7,757,108.80. This trade represents a 2.40% 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. In the last three months, insiders have sold 228,608 shares of company stock worth $30,810,313. Corporate 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: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

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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