Ninepoint Partners LP Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Ninepoint Partners initiated a position in Palantir during the second quarter, purchasing 19,219 shares valued at approximately $2.24 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported stronger-than-expected quarterly results, with EPS of $0.41 versus the $0.34 consensus estimate and revenue of $1.94 billion, up 92.8% year over year.
• Despite strong growth and a “Moderate Buy” analyst consensus, valuation and insider selling remain risks: the stock traded at a P/E ratio above 153, while insiders sold more than $30.7 million of shares over the past 90 days.

Ninepoint Partners LP bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,219 shares of the company's stock, valued at approximately $2,242,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Great Lakes Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at $7,133,000. Investmark Advisory Group LLC grew its position in Palantir Technologies by 10.0% in the second quarter. Investmark Advisory Group LLC now owns 1,855 shares of the company's stock valued at $216,000 after acquiring an additional 168 shares during the period. OFC Financial Planning LLC raised its stake in Palantir Technologies by 20.4% during the second quarter. OFC Financial Planning LLC now owns 2,535 shares of the company's stock worth $296,000 after acquiring an additional 430 shares in the last quarter. M. Kulyk & Associates LLC acquired a new position in Palantir Technologies during the second quarter worth $299,000. Finally, Aljian Capital Management LLC lifted its holdings in shares of Palantir Technologies by 1.3% during the second quarter. Aljian Capital Management LLC now owns 48,216 shares of the company's stock valued at $5,625,000 after acquiring an additional 633 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $179.94 on Friday. The company has a market cap of $432.41 billion, a price-to-earnings ratio of 153.79, a P/E/G ratio of 2.54 and a beta of 1.59. The stock's fifty day moving average price is $138.90 and its two-hundred day moving average price is $140.74. 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 released its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating 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%.The business's revenue for the quarter was up 92.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,481 shares of the firm's 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 transaction, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the sale, the insider owned 599,899 shares of the company's stock, valued at approximately $77,986,870. The trade was a 20.00% 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. Insiders have sold a total of 227,778 shares of company stock worth $30,696,263 over the last 90 days. Insiders own 9.53% of the company's stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
• Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
• Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
• Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
• Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
• Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry's Put Buys Should Not Deter Retail Investors
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PLTR shares. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. DA Davidson increased their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating 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. William Blair began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "neutral" rating on the stock. Finally, BTIG Research cut Palantir Technologies to a "neutral" rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $192.19.

Palantir Technologies Company 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.

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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