Palogic Value Management L.P. Buys Shares of 5,000 Palantir Technologies Inc. $PLTR

Key Points

• Palogic Value Management initiated a position of 5,000 Palantir shares valued at approximately $583,000. Other major institutions also increased holdings, with institutional investors collectively owning 45.65% of the stock.
• Palantir reported strong quarterly results, with revenue rising 92.8% year over year to $1.94 billion and EPS of $0.41, exceeding the $0.34 analyst consensus. Shares were trading at $177.50, near a market capitalization of $426.5 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $192.19, but concerns persist over the company’s high valuation and insider selling, including CEO Alexander Karp’s roughly $86.1 million sale under a Rule 10b5-1 plan.

Palogic Value Management L.P. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company's stock, valued at approximately $583,000.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp boosted its holdings in shares of Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after acquiring an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Palantir Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after acquiring an additional 805,047 shares in the last quarter. Norges Bank acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $5,149,641,000. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after acquiring an additional 616,297 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.8%

Shares of PLTR opened at $177.50 on Thursday. The firm's 50-day moving average is $141.46 and its two-hundred day moving average is $141.39. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52. The firm has a market capitalization of $426.54 billion, a P/E ratio of 151.71, a PEG ratio of 2.44 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results 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 net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the company posted $0.16 earnings per share. The firm's quarterly revenue was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider owned 58,171 shares of the company's stock, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 492,348 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 723,431 shares of company stock valued at $117,330,908. Company insiders own 9.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PLTR. Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Zacks Research raised Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Benchmark restated a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and set a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and an average 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.

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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