Mid American Wealth Advisory Group Inc. Acquires Shares of 3,152 Palantir Technologies Inc. $PLTR

Key Points

• Mid American Wealth Advisory Group acquired 3,152 Palantir shares valued at approximately $368,000 in the second quarter. Institutional investors collectively own 45.65% of PLTR.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $192.19.
• Palantir reported strong quarterly results, including $0.41 in earnings per share versus a $0.34 estimate and 92.8% year-over-year revenue growth, though its high valuation and recent insider sales remain risks.

Mid American Wealth Advisory Group Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,152 shares of the company's stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Basepoint Wealth LLC bought a new position in Palantir Technologies during the fourth quarter worth $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. Wexford Capital LP acquired a new position in Palantir Technologies in the third quarter valued at about $36,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $35,000. Finally, Monetary Solutions Ltd bought a new position in Palantir Technologies in the fourth quarter valued at approximately $36,000. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. Piper Sandler restated an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a report on Thursday, July 30th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research report on Tuesday, August 11th. President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, UBS Group set a $215.00 target price on shares of Palantir Technologies in a report on Tuesday, August 11th. Two research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Palantir Technologies Stock Performance

PLTR stock opened at $174.33 on Friday. The company has a market capitalization of $418.93 billion, a P/E ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62. The company has a fifty day moving average price of $150.22 and a 200-day moving average price of $143.55. 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 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 for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren Friedman Stat sold 1,342 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were 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 $9,629,612.50. The trade was a 2.48% 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 Alexander C. Karp sold 492,348 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders have sold 721,508 shares of company stock worth $117,070,093. Corporate insiders own 9.53% of the company's stock.

About Palantir Technologies

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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