Formuepleje A S Buys New Stake in Palantir Technologies Inc. $PLTR

Key Points

• Formuepleje A S initiated a Palantir position by purchasing 12,414 shares worth approximately $1.45 million during the second quarter. Institutional investors collectively own 45.65% of Palantir.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations. The company also secured an approximately $192 million U.S. Army TITAN contract and expanded its enterprise AI partnership with PwC.
• Despite bullish analyst sentiment and technical momentum, valuation and competition remain key risks: Palantir has a market capitalization of about $419 billion and a P/E ratio near 149, while insiders have sold more than $117 million of stock over the past 90 days.

Formuepleje A S bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,414 shares of the company's stock, valued at approximately $1,448,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Palantir Technologies by 11,040.0% during the second quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company's stock valued at $44,778,024,000 after purchasing an additional 380,355,408 shares in the last quarter. BlackRock Inc. increased its stake in Palantir Technologies by 0.4% during 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 during the period. State Street Corp raised its position in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company's stock worth $18,198,990,000 after buying an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the period. Finally, Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $5,149,641,000. Institutional investors own 45.65% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Wolfe Research initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating on the stock. BNP Paribas Exane assumed coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an "underperform" rating for the company. Oppenheimer lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. President Capital upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a research 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 given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.19.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider 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. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 721,508 shares of company stock worth $117,070,093. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $174.33 on Monday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The firm has a 50-day moving average of $150.22 and a two-hundred day moving average of $143.63. The firm has a market capitalization of $418.93 billion, a PE ratio of 149.00, a P/E/G ratio of 2.47 and a beta of 1.62.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm's revenue was up 92.8% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current 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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