Legacy Financial Advisors Inc. Has $1.27 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Legacy Financial Advisors cut its Palantir stake by 25.7% in the second quarter, selling 3,767 shares and retaining 10,870 shares valued at approximately $1.27 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and earnings of $0.41 per share, beating estimates. However, the stock’s valuation remains elevated, with a market capitalization near $448 billion and a P/E ratio above 159.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $192.19, although some firms have downgraded the stock or assigned targets as low as $80. Insiders also sold roughly 720,166 shares worth $116.8 million over the past quarter.

Legacy Financial Advisors Inc. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,870 shares of the company's stock after selling 3,767 shares during the period. Legacy Financial Advisors Inc.'s holdings in Palantir Technologies were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. BCGM Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.0% during the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after purchasing an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in shares of Palantir Technologies by 1.2% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock valued at $966,000 after buying an additional 65 shares in the last quarter. JDM Financial Group LLC increased its position in shares of Palantir Technologies by 20.9% in the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after buying an additional 67 shares in the last quarter. Financial Partners Group Inc raised its stake in Palantir Technologies by 1.8% during the 4th quarter. Financial Partners Group Inc now owns 3,802 shares of the company's stock worth $676,000 after buying an additional 68 shares during the period. Finally, LifeSteps Financial Inc. raised its stake in Palantir Technologies by 4.9% during the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock worth $217,000 after buying an additional 69 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

More Palantir Technologies News

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

• Positive Sentiment: Defense and AI growth remain the key catalysts. Palantir’s Pentagon business is reportedly approaching a $1 billion annual run rate, while recent quarterly revenue rose 92.8% year over year to $1.94 billion and earnings exceeded expectations. The Maven AI platform and continued U.S. government demand are strengthening the growth story. Palantir's $448 Billion Valuation Still Isn't Scaring Baird
• Positive Sentiment: Analyst sentiment remains favorable. Baird reaffirmed an Outperform rating, arguing that Palantir is well positioned to benefit from enterprise and government AI adoption. Comparisons with BigBear.ai also favored Palantir because of its faster growth, profitability and strong cash generation. Wall Street analyst updates Palantir stock price target
• Positive Sentiment: Broader software-sector sentiment has improved. A rebound in software stocks and evidence that AI is boosting rather than eroding demand have eased “SaaSpocalypse” concerns, providing a favorable backdrop for PLTR. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Valuation is the central debate. Bullish investors see a potential path toward $300 by 2027 if revenue guidance continues to rise, but the stock’s roughly $448 billion market value and price-to-earnings ratio near 190 leave limited room for execution disappointments. Could This Be the Next AI Giant?
• Negative Sentiment: Political scrutiny could create headline and contract risk. Palantir is reportedly broadening its political donations ahead of the 2026 U.S. midterms as it seeks relationships across Washington, but potential changes in congressional control and increased oversight of defense and data contractors could weigh on sentiment. Palantir Courts Democrats Ahead of 2026 Midterms

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares of the company's stock, valued at $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the firm's 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 transaction, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 720,166 shares of company stock worth $116,825,178. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

PLTR opened at $186.38 on Tuesday. The business's 50-day moving average price is $145.10 and its two-hundred day moving average price is $142.38. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market capitalization of $447.88 billion, a price-to-earnings ratio of 159.30, a P/E/G ratio of 2.63 and a beta of 1.59.

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 for the quarter, topping the consensus estimate of $0.34 by $0.07. The company 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%.Palantir Technologies's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the subject of a number of research analyst reports. Jefferies Financial Group reissued an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. BTIG Research lowered Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. UBS Group set a $215.00 target price on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies 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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