Glynn Capital Management LLC Buys 9,011 Shares of Palantir Technologies Inc. $PLTR

Glynn Capital Management LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,776 shares of the company's stock after buying an additional 9,011 shares during the quarter. Palantir Technologies makes up approximately 2.2% of Glynn Capital Management LLC's portfolio, making the stock its 17th biggest holding. Glynn Capital Management LLC's holdings in Palantir Technologies were worth $8,024,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in Palantir Technologies in the 1st quarter valued at $29,000. Morton Brown Family Wealth LLC boosted its holdings in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter valued at $32,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price target on shares of Palantir Technologies in a report on Thursday, July 30th. DZ Bank started coverage on Palantir Technologies in a research note on Thursday, April 23rd. They set a "buy" rating and a $175.00 price objective for the company. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies News Summary

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

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $171.54 on Wednesday. The company's fifty day moving average price is $136.11 and its 200-day moving average price is $140.11. The firm has a market capitalization of $412.22 billion, a price-to-earnings ratio of 146.62, a PEG ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 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 firm posted $0.16 EPS. The firm's revenue was up 92.8% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm'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 sale, the director owned 54,107 shares in the company, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the sale, the insider directly owned 599,899 shares of the company's stock, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 228,608 shares of company stock valued at $30,810,313 over the last 90 days. 9.53% of the stock is owned by insiders.

Palantir Technologies Company Profile

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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