Nwam LLC Decreases Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Nwam LLC cut its Palantir stake by 18.6% in the second quarter, selling 4,873 shares and retaining 21,270 shares valued at approximately $2.48 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and earnings of $0.41 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $192.19.
• Shares trade at a demanding valuation of roughly 154 times earnings, while insiders sold $116.8 million worth of stock last quarter. Despite growth prospects and new defense contracts, high valuation and dependence on large government contracts remain key risks.

Nwam LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,270 shares of the company's stock after selling 4,873 shares during the quarter. Nwam LLC's holdings in Palantir Technologies were worth $2,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp grew its position in Palantir Technologies by 1.1% during the fourth quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after buying an additional 1,126,418 shares during the period. Geode Capital Management LLC grew its position in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after buying an additional 805,047 shares during the period. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter worth about $5,149,641,000. Finally, Invesco Ltd. increased its holdings in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares of the company's stock, valued at $10,170,035.93. The trade was a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 720,166 shares of company stock valued at $116,825,178 in the last quarter. Corporate insiders own 9.53% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: The U.S. Army awarded Palantir’s wholly owned subsidiary a prime agreement to produce and deliver eight TITAN ground-station systems, an AI- and machine-learning-enabled platform for deep sensing and battlefield targeting. A separate report valued the broader Palantir-Anduril production award at $192 million, reinforcing Palantir’s position in modern defense procurement. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Baird analyst William Power reiterated an Outperform rating and a $200 price target after a technology demonstration, arguing that Palantir’s ontology could provide a durable competitive advantage as basic AI models become commoditized. As AI Models Become Commoditized, Palantir Is Betting Its Ontology Is the New Moat
• Positive Sentiment: Analysts and investors continue to highlight Palantir’s commercial momentum. One forecast suggests commercial revenue could exceed government revenue before 2027, while separate coverage noted a 24% increase in customers to 1,049. The potential revenue mix shift could reduce dependence on government budgets and support faster long-term growth. Can Palantir's Customer Surge Sustain Its AI-Driven Growth Momentum?
• Neutral Sentiment: Palantir CEO Alex Karp is reportedly backing a new Ukrainian defense-technology company led by former defense minister Mykhailo Fedorov. The investment may strengthen Palantir’s international defense relationships, but its direct financial effect on PLTR remains unclear. Ukraine's Fedorov says Palantir CEO will be first major investor in new defence company
• Negative Sentiment: ARK Invest sold approximately $26 million of Palantir shares after the stock’s strong rally, reallocating capital to other technology and cryptocurrency-related investments. The sale may add near-term selling pressure and signals that some investors are taking profits. Cathie Wood Dumps Palantir Shares Worth $26 Million
• Negative Sentiment: Valuation remains the central risk. PLTR trades at roughly 154 times earnings after quarterly revenue surged 92.8% year over year to $1.94 billion, meaning sustained high growth and margins are likely required to justify the share price. Analysts also caution that contract concentration and government procurement timing could create volatility.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $179.92 on Wednesday. The stock has a market capitalization of $432.36 billion, a P/E ratio of 153.78, a P/E/G ratio of 2.64 and a beta of 1.62. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The stock's 50-day simple moving average is $146.36 and its 200 day simple moving average is $142.69.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $0.16 earnings per share. The company's quarterly revenue was up 92.8% on a year-over-year basis. Equities research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Royal Bank Of Canada restated an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "underperform" rating for the company. Mizuho lifted their price target on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Finally, Roth Capital started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source