Palantir Technologies Inc. $PLTR Stock Position Raised by PFG Advisors

Key Points

• PFG Advisors increased its Palantir stake by 13.6% in the second quarter, bringing its holdings to 32,981 shares valued at approximately $3.85 million. Hedge funds and other 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 EPS of $0.41, exceeding analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $192.19.
• Valuation and insider selling remain risks: the stock carries a P/E ratio near 149 and a market capitalization above $417 billion, while insiders sold roughly $156.2 million of shares over the past 90 days, primarily to cover tax obligations on vested equity awards.

PFG Advisors increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,981 shares of the company's stock after purchasing an additional 3,936 shares during the period. PFG Advisors' holdings in Palantir Technologies were worth $3,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC lifted its holdings in shares of Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock valued at $966,000 after purchasing an additional 65 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Palantir Technologies by 0.4% in the fourth quarter. Verdence Capital Advisors LLC now owns 17,574 shares of the company's stock worth $3,124,000 after buying an additional 67 shares during the period. Financial Partners Group Inc grew its holdings in shares of Palantir Technologies by 1.8% during the fourth quarter. Financial Partners Group Inc now owns 3,802 shares of the company's stock valued at $676,000 after buying an additional 68 shares in the last quarter. LifeSteps Financial Inc. grew its holdings in shares of Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock valued at $217,000 after buying an additional 69 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. raised its position in Palantir Technologies by 4.0% during the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock valued at $264,000 after buying an additional 70 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 2.8%

NASDAQ PLTR opened at $174.04 on Friday. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52. The firm's fifty day simple moving average is $134.60 and its 200-day simple moving average is $140.15. The company has a market capitalization of $417.23 billion, a PE ratio of 148.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The business's revenue for the quarter was up 92.8% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. HSBC downgraded Palantir Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Phillip Securities lifted their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Roth Capital assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Finally, William Blair initiated coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a "neutral" rating for the company. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.19.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 319,934 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 $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at $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 is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies 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 sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $156,197,565. 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: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

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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