Palantir Technologies Inc. $PLTR Shares Bought by Navellier & Associates Inc.

Key Points

• Navellier & Associates increased its Palantir stake by 5.7% in the second quarter, adding 4,980 shares for a total of 91,812 shares valued at approximately $10.7 million.
• Palantir reported quarterly EPS of $0.41, exceeding estimates of $0.34, while revenue reached $1.94 billion, up 92.8% year over year. The stock opened at $186.29, with a market capitalization of about $447.7 billion and a P/E ratio near 159.
• Analyst sentiment is moderately bullish, with an average price target of $192.19, but ratings remain divided and insiders sold roughly $117.1 million of shares last quarter. The company’s elevated valuation and insider selling remain key risks.

Navellier & Associates Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,812 shares of the company's stock after buying an additional 4,980 shares during the quarter. Palantir Technologies accounts for about 0.8% of Navellier & Associates Inc.'s holdings, making the stock its 25th biggest holding. Navellier & Associates Inc.'s holdings in Palantir Technologies were worth $10,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $222,143,000. Global Retirement Partners LLC increased its stake in Palantir Technologies by 6.8% in the 4th quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock valued at $14,092,000 after purchasing an additional 5,070 shares in the last quarter. Income Insurance Ltd purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $1,228,000. Sun Financial Inc acquired a new position in Palantir Technologies during the fourth quarter worth $1,282,000. Finally, Schnieders Capital Management LLC. raised its holdings in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after purchasing an additional 1,694 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $186.29 on Friday. The stock has a market capitalization of $447.67 billion, a P/E ratio of 159.22, a P/E/G ratio of 2.63 and a beta of 1.59. 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 $143.76 and its two-hundred day moving average is $142.05.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. President Capital raised 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. HSBC downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating and dropped their target price for the company from $205.00 to $151.00 in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.19.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the sale, the director owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This represents a 5.16% 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 sold a total of 721,764 shares of company stock valued at $117,080,858 in the last quarter. Corporate insiders own 9.53% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Exceptional growth and profitability: Palantir’s Rule of 40 score reportedly reached 155%, supported by approximately 93% revenue growth and a 62% adjusted operating margin. The figures reinforce the bullish view that the company is converting AI demand into both rapid sales expansion and strong cash generation. Palantir's Rule of 40 Surge Signals Strong AI-Driven Performance
• Positive Sentiment: Defense AI momentum: Palantir’s Maven Smart System is approaching a $1 billion annual revenue run rate, while Pentagon funding and its designation as a program of record could support as much as $2.30 billion over five years. This gives investors greater visibility into a potentially significant government growth engine. Palantir's Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Strong technical and investor interest: PLTR recently broke out to a new high and was added to prominent best-stock and watch lists. Analysts and bullish commentators argue that the sovereign-AI opportunity and Palantir’s execution could justify price targets above current Wall Street estimates. Palantir, Nvidia Among 17 Stocks Rising Onto Best Stock Lists
• Neutral Sentiment: Covered-call strategies are being discussed after the recent rally, reflecting strong demand for PLTR exposure but also investor interest in generating income and potentially limiting downside.
• Negative Sentiment: Valuation remains a major risk: With Palantir trading at roughly 159 times earnings, some value investors view the stock as attractive only at a substantially lower price. Analysts also remain divided over whether its growth can justify the premium valuation. Value Investor Admits Palantir Cheaper Than Expected
• Negative Sentiment: Insider selling and AI concentration concerns: CEO Alexander Karp has sold nearly $86 million of stock, and co-founder Peter Thiel has reduced his stake over time. Separately, investor Steve Eisman warned that AI revenue at major cloud companies is heavily concentrated among OpenAI and Anthropic, raising questions about the durability of AI-related spending and valuations. NVIDIA, Palantir Technologies, and the AI Achilles' Heel

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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