Moran Wealth Management LLC Raises Stake in Palantir Technologies Inc. $PLTR

Key Points

• Moran Wealth Management increased its Palantir stake by 375.3% in the second quarter, reaching 18,381 shares valued at approximately $2.15 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, while EPS of $0.41 exceeded the $0.34 consensus estimate. Growing enterprise and government demand for its AI software remains a key growth catalyst.
• Despite a “Moderate Buy” consensus rating and an average analyst price target of $192.19, valuation concerns persist, with the stock trading at a P/E ratio near 150. Insiders have sold 228,608 shares worth about $30.8 million over the past three months.

Moran Wealth Management LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 375.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,381 shares of the company's stock after acquiring an additional 14,514 shares during the quarter. Moran Wealth Management LLC's holdings in Palantir Technologies were worth $2,145,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. State Street Corp increased its position in shares of Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Geode Capital Management LLC increased its holdings in Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after purchasing an additional 805,047 shares during the period. Norges Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. increased its position in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 35,000 shares of the firm'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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the transaction, the insider directly owned 60,226 shares of the company's stock, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. 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. Over the last three months, insiders have sold 228,608 shares of company stock valued at $30,810,313. Insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLTR shares. Phillip Securities upped their target price on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Wednesday, May 6th. Citigroup cut Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reissued an "underperform" rating and set a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Palantir Technologies currently has an average rating of "Moderate Buy" and an average price target of $192.19.

Key Palantir Technologies News

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

• Positive Sentiment: Enterprise demand remains a key catalyst. Recent coverage highlights growing adoption of Palantir’s artificial-intelligence software, while CEO Alex Karp said demand for sovereign AI could allow the company to sustain its current margins and rapid revenue growth over the next 18 months. Palantir Stock Climbs as Enterprise AI Demand Keeps Growing
• Positive Sentiment: Palantir’s Sovereignty Bootcamps are attracting nearly 200 organizations across two events in less than 30 days. The company said the programs are helping accelerate onboarding of new customers, supporting its government and enterprise growth story. Palantir's Sovereignty Bootcamps Draw Nearly 200 Organizations in 30 Days
• Positive Sentiment: Investor enthusiasm is being reinforced by Palantir’s latest results: revenue rose 92.8% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Analysts and Zacks subsequently issued favorable commentary, including a Rank #1 Strong Buy designation. New Strong Buy Stocks for August 19th
• Positive Sentiment: Short sellers are facing substantial losses as Palantir’s rally continues. Reports estimate roughly $12 billion in short interest and about $5 billion in mark-to-market losses, creating the potential for additional buying from traders covering bearish positions. Short Sellers Are Losing Big on Palantir — Here's the Data
• Neutral Sentiment: Palantir’s AI outlook has attracted sharply divided opinions. Bullish analysts see a long runway in defense, government and enterprise software, while others argue the stock must deliver exceptional growth to justify its current valuation. Palantir Technologies: What Could Shift Its AI Story?
• Negative Sentiment: Valuation remains the primary downside concern. With a price-to-earnings ratio near 150 and strong recent gains, skeptics question whether revenue growth and the 2026 outlook are already reflected in the share price. Is Palantir Technologies Overvalued?
• Negative Sentiment: Michael Burry has renewed his bearish position using put options, citing valuation and stock-based compensation concerns. Higher Treasury yields also pose a broader risk to richly valued growth stocks. Michael Burry Is Betting Against Palantir Again

Palantir Technologies Stock Up 2.1%

Shares of PLTR opened at $175.19 on Thursday. The stock has a market cap of $420.99 billion, a P/E ratio of 149.74, a P/E/G ratio of 2.43 and a beta of 1.59. The business's 50 day moving average price is $137.01 and its 200-day moving average price is $140.27. 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 posted its quarterly earnings data 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 company 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%.The firm's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current year.

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.

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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