IFP Advisors Inc Raises Holdings in Palantir Technologies Inc. $PLTR

Key Points

• IFP Advisors increased its Palantir stake by 14% in the second quarter, adding 11,312 shares to reach 92,086 shares valued at approximately $10.7 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong operating momentum, with quarterly revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst estimates.
• Despite a “Moderate Buy” consensus and average analyst price target of $192.19, Palantir faces valuation concerns, trading at a P/E ratio of 145.56 amid insider and ARK Invest share sales.

IFP Advisors Inc increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,086 shares of the company's stock after acquiring an additional 11,312 shares during the period. IFP Advisors Inc's holdings in Palantir Technologies were worth $10,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PLTR. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $31,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies during the first quarter worth $32,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in Palantir Technologies during the fourth quarter valued at $35,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius Group its preferred sovereign AI infrastructure partner. Nebius will provide dedicated NVIDIA-powered GPU capacity, while Palantir’s AIP, Foundry and Apollo platforms will manage the software layer inside a secure enterprise perimeter. The arrangement could help Palantir win regulated government and corporate workloads without investing billions in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Potential recurring demand: The partnership supports Palantir’s strategy of helping customers run proprietary or open-source AI models on dedicated infrastructure, reducing reliance on unpredictable pay-per-token fees. Data-residency rules and the EU AI Act could support demand for these localized deployments. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Strong operating momentum: Recent results showed revenue growth of roughly 93% year over year, with earnings and sales exceeding consensus estimates. Commentary highlighting Palantir’s continued ability to beat expectations and its strong August performance remains a support for the long-term growth case. This Could Be the AI Stock That Keeps Surprising Wall Street
• Neutral Sentiment: Market and analyst debate: A bullish rating upgrade argues that Palantir is becoming an important “meta-compute” layer for enterprise AI, while a separate analysis says the company may be running short of near-term catalysts and downgraded the stock. Investors are increasingly focused on whether partnership announcements translate into signed, recurring contracts.
• Negative Sentiment: Valuation and trading concerns: With a market capitalization above $400 billion and a very high price-to-earnings ratio, the stock’s growth expectations are demanding. Articles also revived Michael Burry’s criticism that Palantir’s economics may resemble consulting more than pure software, potentially limiting the valuation premium. Palantir and Nebius Team Up
• Negative Sentiment: Shareholder selling: Cathie Wood’s ARK Invest reduced its Palantir position while reallocating capital to other technology names. Although this does not change Palantir’s fundamentals, it adds to short-term selling pressure and investor caution. Cathie Wood Dumps $25 Million of Palantir Shares

Palantir Technologies Stock Down 2.3%

PLTR stock opened at $170.30 on Wednesday. The stock has a market capitalization of $409.24 billion, a P/E ratio of 145.56, a P/E/G ratio of 2.47 and a beta of 1.62. The firm has a 50-day simple moving average of $152.46 and a 200-day simple moving average of $144.17. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.16 EPS. Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTR shares. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, August 4th. President Capital raised Palantir Technologies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Finally, Roth Capital started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Friedman Stat sold 1,342 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director owned 52,765 shares in the company, valued at approximately $9,629,612.50. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the sale, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 721,508 shares of company stock valued at $117,070,093 over the last ninety days. Company insiders own 9.53% of the company's stock.

Palantir Technologies 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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