NewEdge Advisors LLC Purchases 84,071 Shares of Palantir Technologies Inc. $PLTR

Key Points

• NewEdge Advisors increased its Palantir position by 18.1%, purchasing 84,071 shares to hold 548,759 shares worth approximately $64 million. Institutional investors collectively own 45.65% of the company.
• Analysts remain broadly positive, with Palantir carrying a “Moderate Buy” consensus rating and an average price target of $192.19. Recent results also exceeded expectations, including $0.41 in quarterly EPS versus a $0.34 estimate and 92.8% year-over-year revenue growth.
• Despite strong growth, valuation and insider selling remain concerns: the stock trades at a P/E ratio above 145, while insiders sold more than $117 million of shares over the past 90 days.

NewEdge Advisors LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 548,759 shares of the company's stock after buying an additional 84,071 shares during the quarter. NewEdge Advisors LLC's holdings in Palantir Technologies were worth $64,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Palantir Technologies during the second quarter valued at $5,021,000. IFP Advisors Inc raised its stake in Palantir Technologies by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 92,086 shares of the company's stock valued at $10,744,000 after buying an additional 11,312 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Palantir Technologies by 37.7% in the second quarter. Baird Financial Group Inc. now owns 509,631 shares of the company's stock valued at $59,459,000 after acquiring an additional 139,419 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of Palantir Technologies by 9.1% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 34,002 shares of the company's stock worth $3,967,000 after purchasing an additional 2,850 shares in the last quarter. Finally, One Charles Private Wealth Services LLC raised its holdings in Palantir Technologies by 4.4% in the 2nd quarter. One Charles Private Wealth Services LLC now owns 2,216 shares of the company's stock worth $258,000 after purchasing an additional 93 shares during the period. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $204.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 4th. 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. William Blair reiterated an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Finally, DA Davidson raised their price target on Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $192.19.

Palantir Technologies Price Performance

PLTR stock opened at $170.30 on Wednesday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm's 50-day moving average is $152.46 and its 200 day moving average is $144.17. The company has a market capitalization of $409.24 billion, a PE ratio of 145.56, a P/E/G ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company'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 EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Friedman Stat sold 1,342 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.50, for a total value of $244,915.00. Following the completion of the transaction, the director directly owned 52,765 shares in the company, valued at approximately $9,629,612.50. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 721,508 shares of company stock worth $117,070,093. 9.53% of the stock is owned by company insiders.

More Palantir Technologies News

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius Group its preferred sovereign AI infrastructure partner. Nebius will provide dedicated NVIDIA-powered GPU capacity, while Palantir’s AIP, Foundry and Apollo platforms will manage the software layer inside a secure enterprise perimeter. The arrangement could help Palantir win regulated government and corporate workloads without investing billions in data-center hardware. Palantir Names Nebius Its Preferred Sovereign AI Partner
• Positive Sentiment: Potential recurring demand: The partnership supports Palantir’s strategy of helping customers run proprietary or open-source AI models on dedicated infrastructure, reducing reliance on unpredictable pay-per-token fees. Data-residency rules and the EU AI Act could support demand for these localized deployments. Sovereign AI: Palantir and Nebius Cut the Cloud Cord
• Positive Sentiment: Strong operating momentum: Recent results showed revenue growth of roughly 93% year over year, with earnings and sales exceeding consensus estimates. Commentary highlighting Palantir’s continued ability to beat expectations and its strong August performance remains a support for the long-term growth case. This Could Be the AI Stock That Keeps Surprising Wall Street
• Neutral Sentiment: Market and analyst debate: A bullish rating upgrade argues that Palantir is becoming an important “meta-compute” layer for enterprise AI, while a separate analysis says the company may be running short of near-term catalysts and downgraded the stock. Investors are increasingly focused on whether partnership announcements translate into signed, recurring contracts.
• Negative Sentiment: Valuation and trading concerns: With a market capitalization above $400 billion and a very high price-to-earnings ratio, the stock’s growth expectations are demanding. Articles also revived Michael Burry’s criticism that Palantir’s economics may resemble consulting more than pure software, potentially limiting the valuation premium. Palantir and Nebius Team Up
• Negative Sentiment: Shareholder selling: Cathie Wood’s ARK Invest reduced its Palantir position while reallocating capital to other technology names. Although this does not change Palantir’s fundamentals, it adds to short-term selling pressure and investor caution. Cathie Wood Dumps $25 Million of Palantir Shares

Palantir Technologies Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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