RPg Family Wealth Advisory LLC Purchases 25,161 Shares of Palantir Technologies Inc. $PLTR

RPg Family Wealth Advisory LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 78.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,172 shares of the company's stock after acquiring an additional 25,161 shares during the period. Palantir Technologies accounts for about 1.4% of RPg Family Wealth Advisory LLC's holdings, making the stock its 27th biggest position. RPg Family Wealth Advisory LLC's holdings in Palantir Technologies were worth $6,670,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also bought and sold shares of the company. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $29,000. Ballast Advisors LLC bought a new stake in Palantir Technologies during the first quarter valued at $29,000. Morton Brown Family Wealth LLC grew its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in Palantir Technologies in the 1st quarter worth about $32,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 150,000 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider directly owned 599,899 shares of the company's stock, valued at $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at approximately $8,927,655. The trade was a 5.31% 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. In the last three months, insiders have sold 228,608 shares of company stock valued at $30,810,313. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $171.54 on Wednesday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business has a 50 day simple moving average of $136.11 and a two-hundred day simple moving average of $140.11. The firm has a market capitalization of $412.22 billion, a price-to-earnings ratio of 146.62, a PEG ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PLTR shares. UBS Group set a $215.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 11th. Oppenheimer cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Argus raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and a consensus price target of $192.19.

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.

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