Palantir Technologies Inc. $PLTR Shares Purchased by Pacific Heights Asset Management LLC

Key Points

• Pacific Heights Asset Management increased its Palantir stake by 4.8% in the second quarter, acquiring 65,000 additional shares to hold 1.425 million shares valued at approximately $166.3 million. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share, beating estimates. Growth expectations are supported by demand for its AI and defense platforms, including the Maven Smart System.
• Insider selling and elevated valuation remain key risks. Insiders sold 721,764 shares worth about $117.1 million over the past 90 days, while PLTR traded at a P/E ratio near 159; analysts nonetheless maintained a “Moderate Buy” consensus with an average price target of $192.19.

Pacific Heights Asset Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425,000 shares of the company's stock after acquiring an additional 65,000 shares during the quarter. Palantir Technologies accounts for about 5.3% of Pacific Heights Asset Management LLC's investment portfolio, making the stock its 4th largest holding. Pacific Heights Asset Management LLC owned about 0.06% of Palantir Technologies worth $166,255,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PLTR. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in Palantir Technologies in the first quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $32,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Palantir Technologies during the fourth quarter worth $35,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related 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 sale, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 the company's 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 sale, the insider owned 599,899 shares in the company, valued at $77,986,870. The trade was a 20.00% 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 721,764 shares of company stock worth $117,080,858 over the last 90 days. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 4.7%

Shares of PLTR stock opened at $185.93 on Friday. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company's fifty day simple moving average is $142.60 and its 200-day simple moving average is $141.74. The firm has a market cap of $446.80 billion, a PE ratio of 158.91, a P/E/G ratio of 2.51 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its 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 net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was up 92.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Maven is emerging as a major growth catalyst. Palantir’s Maven Smart System is reportedly approaching a $1 billion annual revenue run rate, supported by a $244 million Pentagon funding increase through March 2027. Its designation as a program of record could provide access to as much as $2.3 billion in funding over five years. Palantir's Pentagon AI Business Is Closing In on $1 Billion a Year
• Positive Sentiment: Operating metrics remain unusually strong. A report highlighted Palantir’s 155% second-quarter fiscal 2026 Rule of 40 score—revenue growth plus adjusted operating margin—far above the 40% benchmark commonly used for healthy software companies. This reinforces the bullish case for buying on pullbacks. This 1 Number Proves Why You Should Buy Palantir on Every Dip
• Positive Sentiment: Recent earnings and guidance upgrades continue to support sentiment. Palantir reported better-than-expected quarterly results, raised full-year revenue guidance and continues to benefit from expansion across its government and commercial platforms. How Pentagon Maven Deal And Raised Guidance Changed Palantir's Investment Story
• Positive Sentiment: Analyst support is adding momentum. William Blair maintained a Buy rating, citing Maven’s path toward $1 billion in annual recurring revenue and favorable defense-spending trends. Palantir Earns Buy Rating as Maven Nears Billion-Dollar Status
• Neutral Sentiment: Analysts remain divided. While some see further upside from AI and defense demand, others question whether the stock’s recent rally is fully supported by new information, since many contracts and growth trends were already public. Analysts Conflicted on Palantir and Intuit
• Negative Sentiment: Insider selling remains a risk. CEO Alexander Karp sold nearly $86 million of shares, while co-founder Peter Thiel has reduced his stake over time. These sales may pressure sentiment even though Thiel remains a major shareholder. Palantir CEO Alexander Karp Sells $86 Million in Stock
• Negative Sentiment: Valuation leaves little room for disappointment. Commentators note that Palantir trades at demanding earnings and sales multiples; investor Michael Burry has reportedly added to a PLTR short position. Michael Burry Adds to Palantir Short Position

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLTR shares. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, August 4th. Zacks Research upgraded Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Piper Sandler reissued an "overweight" rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Phillip Securities boosted their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Finally, Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $192.19.

Palantir Technologies 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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