VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Palantir Technologies Inc. $PLTR

Key Points

• Virginia Retirement Systems bought 666,784 Palantir shares during the second quarter, valued at approximately $77.8 million. Institutional investors now own 45.65% of the company.
• Palantir insiders sold 721,508 shares worth about $117.1 million over the past 90 days, primarily through pre-arranged Rule 10b5-1 plans; insiders own 9.53% of the stock.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and $192.19 price target. However, Palantir’s valuation remains demanding, with a market capitalization near $419 billion and a P/E ratio of approximately 149, despite quarterly revenue growth of 92.8% and EPS above estimates.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 666,784 shares of the company's stock, valued at approximately $77,794,000.

A number of other hedge funds also recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at $31,000. Whipplewood Advisors LLC bought a new position in Palantir Technologies during the first quarter valued at $32,000. Finally, Prudent Man Investment Management Inc. bought a new position in Palantir Technologies during the fourth quarter valued at $35,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeffrey Buckley sold 1,250 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares of the company's stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was a 5.16% 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. Insiders sold 721,508 shares of company stock worth $117,070,093 in the last ninety days. 9.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PLTR shares. Phillip Securities boosted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane began coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "underperform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Palantir Technologies News Summary

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?

Palantir Technologies Stock Performance

Shares of PLTR opened at $174.33 on Monday. The company's fifty day simple moving average is $150.22 and its 200-day simple moving average is $143.63. The company has a market cap of $418.93 billion, a P/E ratio of 149.00, a P/E/G ratio of 2.47 and a beta of 1.62. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm 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 firm'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. Analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source