Palantir Technologies Inc. $PLTR Holdings Boosted by Burney Co.

Key Points

• Burney Co. increased its Palantir position by 188.9% in the second quarter, holding 17,531 shares valued at approximately $2.05 million. Institutional investors collectively own 45.65% of the company.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, beating estimates. Growth in its Artificial Intelligence Platform and commercial AI demand remain key catalysts.
• Analyst sentiment is broadly positive but divided, with a consensus “Moderate Buy” rating and an average price target of $192.19. Meanwhile, insiders sold approximately $156.2 million of stock over the past three months.

Burney Co. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 188.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,531 shares of the company's stock after purchasing an additional 11,463 shares during the quarter. Burney Co.'s holdings in Palantir Technologies were worth $2,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $29,000. Ballast Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director directly owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% 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. Insiders have sold 1,150,302 shares of company stock valued at $156,197,565 over the last three months. 9.53% of the stock is owned by insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLTR. DA Davidson increased their price target 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. Jefferies Financial Group reiterated an "underperform" rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada reiterated an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. HSBC lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Finally, Piper Sandler restated an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $179.01 on Friday. The firm has a market cap of $429.14 billion, a price-to-earnings ratio of 153.00, a P/E/G ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The stock has a 50-day simple moving average of $133.83 and a 200-day simple moving average of $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business posted $0.16 EPS. The firm's quarterly revenue was up 92.8% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

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.

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