Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Acquires Shares of 43,040 Palantir Technologies Inc. $PLTR

Key Points

• Kranot Hishtalmut Le Morim Tichoniim acquired 43,040 Palantir shares during the second quarter, valued at approximately $5.02 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong operating momentum, with quarterly revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding analyst expectations.
• Shares were trading around $170.30, down 2.3%, while analysts maintained a “Moderate Buy” consensus with an average price target of $192.19. However, the stock’s roughly 145.6 P/E ratio, insider selling and valuation concerns remain risks.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 43,040 shares of the company's stock, valued at approximately $5,021,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLTR. California State Teachers Retirement System grew its stake in Palantir Technologies by 11,040.0% in the second quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company's stock worth $44,778,024,000 after purchasing an additional 380,355,408 shares during the period. Norges Bank bought a new position in Palantir Technologies in the fourth quarter worth $5,149,641,000. Jennison Associates LLC purchased a new position in Palantir Technologies during the first quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its position in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after buying an additional 7,678,747 shares during the period. Finally, State Street Corp boosted its holdings in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies News Roundup

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 Trading Down 2.3%

NASDAQ PLTR opened at $170.30 on Wednesday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The stock's fifty day moving average price is $152.46 and its 200-day moving average price is $144.17. The stock has a market cap 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.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shyam Sankar sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total value of $19,500,000.00. Following the transaction, the insider owned 599,899 shares in the company, valued at approximately $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the transaction, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 721,508 shares of company stock valued at $117,070,093 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of 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. Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an "outperform" rating for the company. UBS Group set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating for the company. Two 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.19.

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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