TD Asset Management Inc Acquires 21,644 Shares of Palantir Technologies Inc. $PLTR

Key Points

• TD Asset Management increased its Palantir stake by 1.7% in the second quarter, adding 21,644 shares to own 1.28 million shares valued at approximately $149.2 million. 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.
• Insiders sold $156.2 million worth of shares over the past three months, while Palantir’s elevated valuation—about 147 times earnings—remains a key risk if its rapid growth slows.

TD Asset Management Inc increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,279,198 shares of the company's stock after purchasing an additional 21,644 shares during the quarter. TD Asset Management Inc owned 0.05% of Palantir Technologies worth $149,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Boomfish Wealth Group LLC boosted its position in Palantir Technologies by 6.7% during the second quarter. Boomfish Wealth Group LLC now owns 3,073 shares of the company's stock valued at $359,000 after buying an additional 193 shares during the period. Strive Financial Group LLC increased its holdings in shares of Palantir Technologies by 193.1% in the second quarter. Strive Financial Group LLC now owns 5,820 shares of the company's stock worth $679,000 after buying an additional 3,834 shares during the period. BCGM Wealth Management LLC increased its holdings in shares of Palantir Technologies by 2.0% in the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after buying an additional 64 shares during the period. Choreo LLC lifted its stake in shares of Palantir Technologies by 0.7% in the 2nd quarter. Choreo LLC now owns 71,147 shares of the company's stock valued at $8,301,000 after acquiring an additional 481 shares during the last quarter. Finally, Symphony Financial Ltd. Co. lifted its stake in shares of Palantir Technologies by 7.0% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 11,982 shares of the company's stock valued at $1,391,000 after acquiring an additional 782 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% 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 Shyam Sankar sold 35,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the transaction, the insider owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Insiders sold 1,150,302 shares of company stock valued at $156,197,565 in the last three months. Company insiders own 9.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLTR shares. DA Davidson raised their price target on Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Benchmark reiterated a "hold" rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Mizuho increased their price objective on Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Argus raised shares of 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 given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s strong earnings and revenue momentum remain the primary bullish catalysts. The company exceeded quarterly earnings expectations, and analysts and commentators believe continued adoption of its AI software could sustain rapid growth. Palantir Technologies Earnings and Price Momentum
• Positive Sentiment: Articles highlighting Palantir’s real-world efficiency gains and expanding demand for AI software reinforce expectations that its commercial business can continue growing rapidly. Some long-term scenarios see substantial upside if the company maintains strong growth through 2030 and beyond. Palantir AI Software Demand
• Neutral Sentiment: Long-term returns will depend heavily on one factor: how quickly revenue continues to compound. The company may remain a high-quality growth story, but repeating its extraordinary historical stock performance will require sustained execution. Where Palantir Stock Lands in Five Years
• Negative Sentiment: Valuation is the key pressure point. Palantir is described as trading at roughly 74 times sales and about 149–151 times earnings, levels that leave little room for disappointing growth or guidance. Historical comparisons suggest software stocks trading at similar multiples can experience significant declines after investor enthusiasm fades. Palantir Trades at a Historically High Valuation
• Negative Sentiment: Another comparison argues that Palantir appears fully valued relative to other AI software opportunities, while similarly strong companies may offer more attractive valuations. This could encourage profit-taking despite the company’s excellent operating results. AMD and Palantir Buy Sell or Hold Analysis

Palantir Technologies Price Performance

Shares of PLTR opened at $172.55 on Tuesday. The company has a 50-day simple moving average of $135.32 and a two-hundred day simple moving average of $140.01. The firm has a market capitalization of $414.65 billion, a PE ratio of 147.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 EPS. The business's revenue for the quarter was up 92.8% on a year-over-year basis. Analysts expect that Palantir Technologies Inc. will post 1.26 EPS for the current fiscal year.

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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