Leeward Financial Partners LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 74.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,223 shares of the company's stock after selling 15,553 shares during the quarter. Leeward Financial Partners LLC's holdings in Palantir Technologies were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Milestone Asset Management LLC raised its holdings in Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock worth $10,763,000 after purchasing an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $222,143,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the period. Global Retirement Partners LLC increased its position in shares of Palantir Technologies by 6.8% in the 4th quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock valued at $14,092,000 after buying an additional 5,070 shares in the last quarter. Finally, Income Insurance Ltd bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $1,228,000. Institutional investors own 45.65% of the company's stock.
Insider Transactions at Palantir Technologies
In related news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction 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 sale, the insider directly owned 642,786 shares in the company, 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. Insiders have sold a total of 227,778 shares of company stock worth $30,696,263 in the last 90 days. Corporate insiders own 9.53% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on PLTR shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $204.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Mizuho increased their price target on Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Jefferies Financial Group reiterated an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Piper Sandler reiterated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.19.
Read Our Latest Research Report on PLTR
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Strong growth and margins support the bull case: Palantir’s latest quarter featured approximately 93% year-over-year revenue growth, an earnings beat, and expanding margins. Analysts and commentators argue that its rising Rule of 40 score and efficient AI-driven growth could represent a durable structural advantage. Palantir's Margin Expansion Signals a Structural Growth Advantage
- Positive Sentiment: Enterprise and sovereign AI demand remains a key catalyst: CEO Alex Karp said Palantir could sustain its current growth and margin profile over the next 18 months, while the company’s Sovereignty Bootcamps have attracted nearly 200 organizations. The strong participation suggests growing demand for localized and secure AI deployments. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in <30 Days
- Positive Sentiment: Momentum and analyst optimism continue: Recent coverage describes improving software-stock outlooks, potential technical breakout conditions, and continued post-earnings momentum. Zacks also added PLTR to its Rank #1 Strong Buy list. Is Palantir Stock About to Breakout?
- Neutral Sentiment: Short-covering may be amplifying the rally: Reports estimate roughly $12 billion in short interest and about $5 billion in short-seller losses, potentially adding technical buying pressure. This can support the stock near term but does not necessarily change the company’s underlying value. Short Sellers Are Losing Big on Palantir — Here's the Data
- Negative Sentiment: Valuation is the principal risk: With the stock trading at a very high earnings multiple after its sharp advance, skeptics question whether extraordinary growth is already priced in. Some bearish commentary argues that even strong execution may not justify current expectations. Is Palantir Still a Buy After Its 33% Rally Over the Past Month?
- Negative Sentiment: Insider selling adds caution: A Palantir director reportedly sold approximately $2.79 million of shares, reinforcing concerns about valuation and profit-taking after the rally. Palantir Director Offloads $2.79M
Palantir Technologies Stock Performance
NASDAQ:PLTR opened at $173.96 on Friday. The stock's 50-day simple moving average is $137.87 and its 200 day simple moving average is $140.47. The company has a market cap of $418.04 billion, a P/E ratio of 148.68, a P/E/G ratio of 2.48 and a beta of 1.59. 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 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business's quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.
About Palantir Technologies
(
Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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