Palantir Technologies Inc. $PLTR Shares Bought by Defender Capital LLC.

Key Points

• Defender Capital increased its Palantir stake by 8.7% in the second quarter, acquiring 24,739 shares for a total holding of 309,687 shares valued at approximately $36.1 million. Institutional investors collectively own 45.65% of the company.
• Palantir insiders sold roughly 1.15 million shares worth $156.2 million over the past 90 days, including sales by CEO Alexander Karp and executive Shyam Sankar to cover tax obligations from vested equity awards.
• Palantir reported a strong quarter, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41, beating expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $190.73, though the stock’s elevated valuation and profit-taking remain risks.

Defender Capital LLC. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,687 shares of the company's stock after acquiring an additional 24,739 shares during the period. Palantir Technologies accounts for approximately 11.7% of Defender Capital LLC.'s holdings, making the stock its 3rd largest position. Defender Capital LLC.'s holdings in Palantir Technologies were worth $36,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $29,000. Morton Brown Family Wealth LLC boosted its holdings in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $32,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The sale 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, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $87,444,607.44. This represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,150,302 shares of company stock valued at $156,197,565. Corporate insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLTR. UBS Group raised shares of Palantir Technologies from a "buy" rating to a "buy" rating in a research report on Tuesday, June 16th. William Blair initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. Finally, President Capital raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $25.50 to $133.00 in a report on Monday, June 29th. Two equities 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 given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $190.73.

Palantir Technologies News Summary

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

• Positive Sentiment: Raised guidance reinforces the growth story. Palantir was identified as a Q2 earnings-season standout after raising its outlook. Articles indicate the guidance upgrade implies approximately $362 million of additional second-half revenue, helping investors reassess the company’s near-term earnings power. Q2 Earnings Season Standouts: 3 Companies Raising Guidance
• Positive Sentiment: AI-driven commercial momentum remains the main catalyst. Recent coverage highlights 93% year-over-year revenue growth, commercial revenue growth of 110%, government revenue growth of 79%, a 62% adjusted EBITDA margin, and $1.22 billion of free cash flow. Palantir’s open-weight model approach may also differentiate it from OpenAI and Anthropic by allowing customers to customize models on their own infrastructure and retain the resulting model weights. Palantir Q2: Karp Takes On The Two AI Labs
• Positive Sentiment: Analysts and investors remain bullish. Bank of America reportedly set a $255 price target, while other bullish research cited targets of $218 and $255. Coverage also points to a $13.1 billion backlog and substantial room to expand Palantir’s U.S. commercial business. BofA, JPMorgan, Oppenheimer Name Their Favorite AI Stocks
• Neutral Sentiment: Defense exposure is attracting attention. Palantir’s battlefield AI is reportedly helping the Pentagon accelerate target identification. However, the related missile shortage could benefit defense contractors such as Lockheed Martin and RTX more directly than Palantir. Palantir AI Boosts Pentagon Capabilities but Missile Shortage Benefits Contractors
• Negative Sentiment: Valuation and profit-taking are key risks. After a sharp rally, some investors have taken profits. Palantir trades at an elevated earnings multiple, so any slowdown in growth, weaker guidance, or margin pressure could trigger significant volatility. Michael Burry’s bearish AI positioning has also kept valuation concerns in focus. Palantir Stock Valuation Risk

Palantir Technologies Trading Up 1.9%

PLTR stock opened at $175.23 on Tuesday. The firm has a market capitalization of $420.08 billion, a PE ratio of 149.77, a PEG ratio of 2.45 and a beta of 1.59. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The business's 50 day simple moving average is $132.05 and its 200 day simple moving average is $139.75.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 EPS. The firm's revenue for the quarter was up 92.8% on a year-over-year basis. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal 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.

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