Strive Financial Group LLC Has $679,000 Stake in Palantir Technologies Inc. $PLTR

Strive Financial Group LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 193.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,820 shares of the company's stock after acquiring an additional 3,834 shares during the period. Strive Financial Group LLC's holdings in Palantir Technologies were worth $679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. increased its position in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP acquired a new position in shares of Palantir Technologies during the second quarter worth approximately $315,000. 45.65% of the stock is owned by institutional investors and hedge funds.

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

Palantir Technologies Price Performance

PLTR opened at $177.50 on Thursday. The company has a market capitalization of $426.54 billion, a P/E ratio of 151.71, a P/E/G ratio of 2.44 and a beta of 1.59. The firm's fifty day moving average price is $141.46 and its two-hundred day moving average price is $141.39. 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 announced 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. 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 was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an "underperform" rating on the stock. Phillip Securities upped their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Wedbush began coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an "outperform" rating for the company. William Blair restated an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. 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 sold 723,431 shares of company stock worth $117,330,908. Insiders own 9.53% of the company'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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