Strive Financial Group LLC Buys 3,834 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Strive Financial Group increased its Palantir stake by 193.1% in the second quarter, purchasing 3,834 additional shares and bringing its holdings to 5,820 shares valued at approximately $679,000. Institutional investors and hedge funds collectively own 45.65% of PLTR.
• Palantir reported strong quarterly results, with adjusted earnings of $0.41 per share and revenue of $1.94 billion, up 92.8% year over year and ahead of analyst expectations.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average $192.19 price target, though the stock’s premium valuation—a price-to-earnings ratio near 149—and recent insider sales remain notable risks.

Strive Financial Group LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 193.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,820 shares of the company's stock after buying an additional 3,834 shares during the quarter. Strive Financial Group LLC's holdings in Palantir Technologies were worth $679,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PLTR. Elevation Wealth Management LLC lifted its holdings in Palantir Technologies by 62.0% during the second quarter. Elevation Wealth Management LLC now owns 2,446 shares of the company's stock worth $285,000 after acquiring an additional 936 shares in the last quarter. Plan A Wealth LLC increased its holdings in shares of Palantir Technologies by 20.5% in the second quarter. Plan A Wealth LLC now owns 1,753 shares of the company's stock worth $205,000 after acquiring an additional 298 shares in the last quarter. Raiffeisen Bank International AG increased its holdings in shares of Palantir Technologies by 24.4% in the second quarter. Raiffeisen Bank International AG now owns 70,026 shares of the company's stock worth $8,099,000 after acquiring an additional 13,757 shares in the last quarter. Tudor Financial Inc. raised its position in shares of Palantir Technologies by 27.4% during the second quarter. Tudor Financial Inc. now owns 2,050 shares of the company's stock worth $239,000 after purchasing an additional 441 shares during the period. Finally, NWF Advisory Services Inc. lifted its holdings in shares of Palantir Technologies by 0.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 29,982 shares of the company's stock valued at $3,498,000 after purchasing an additional 204 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 150,000 shares of the 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 completion of the transaction, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 721,508 shares of company stock valued at $117,070,093 over the last quarter. 9.53% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $174.33 on Friday. The stock has a fifty day moving average price of $150.22 and a 200-day moving average price of $143.55. The company has a market cap of $418.93 billion, a price-to-earnings ratio of 149.00, a PEG ratio of 2.58 and a beta of 1.62. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion during 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%. The business's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. Research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLTR. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an "overweight" rating for the company. 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. Wolfe Research started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating for the company. UBS Group set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Finally, Wedbush assumed coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Moderate Buy" and an average target price of $192.19.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

About Palantir Technologies

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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