McAdam LLC Has $2.34 Million Stock Position in Palantir Technologies Inc. $PLTR

Key Points

• McAdam LLC increased its Palantir stake by 33.3% during the second quarter, ending with 20,048 shares valued at approximately $2.34 million. Institutional investors own 45.65% of the company.
• Palantir exceeded quarterly expectations, reporting $0.41 in earnings per share versus the $0.34 consensus and $1.94 billion in revenue, up 92.8% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $192.19 price target, but Palantir’s elevated valuation— including a P/E ratio above 146—remains a key risk; insiders also sold more than $30.8 million in shares during the last quarter.

McAdam LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,048 shares of the company's stock after purchasing an additional 5,012 shares during the quarter. McAdam LLC's holdings in Palantir Technologies were worth $2,339,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PLTR. Basepoint Wealth LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth about $29,000. Morton Brown Family Wealth LLC lifted its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $31,000. Wexford Capital LP acquired a new stake in Palantir Technologies during the third quarter worth about $36,000. Finally, Prudent Man Investment Management Inc. bought a new position in Palantir Technologies during the fourth quarter valued at about $35,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLTR. DZ Bank started coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 target price for the company. BNP Paribas Exane started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an "underperform" rating on the stock. Citigroup cut shares of Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $171.54 on Wednesday. The stock's fifty day simple moving average is $136.11 and its 200 day simple moving average is $140.11. The firm has a market cap of $412.22 billion, a price-to-earnings ratio of 146.62, a P/E/G 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 announced 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. The firm had revenue of $1.94 billion for 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 revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. On average, research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the sale, the insider directly owned 60,226 shares in the company, valued at $7,757,108.80. This represents a 2.40% 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. In the last quarter, insiders have sold 228,608 shares of company stock valued at $30,810,313. 9.53% of the stock is owned by insiders.

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 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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