Wellington Altus USA Inc. Acquires 6,194 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Wellington Altus USA increased its Palantir stake by 453.8% in the second quarter, purchasing 6,194 additional shares and bringing its holdings to 7,559 shares valued at approximately $882,000. Institutional investors own 45.65% of the company.
• Palantir reported strong quarterly results, with earnings of $0.41 per share versus the $0.34 consensus estimate and revenue of $1.94 billion, up 92.8% year over year. Shares recently traded at $176.24, although the stock’s valuation remains elevated at about 151 times earnings.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $195.33; however, targets range widely from $80 to $250. Insiders have sold 720,027 shares worth approximately $116.9 million over the past 90 days.

Wellington Altus USA Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 453.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,559 shares of the company's stock after buying an additional 6,194 shares during the quarter. Wellington Altus USA Inc.'s holdings in Palantir Technologies were worth $882,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BCGM Wealth Management LLC lifted its stake in 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 acquiring an additional 64 shares during the period. JDM Financial Group LLC raised its holdings in Palantir Technologies by 20.9% in the 2nd quarter. JDM Financial Group LLC now owns 388 shares of the company's stock worth $45,000 after purchasing an additional 67 shares in the last quarter. LifeSteps Financial Inc. raised its holdings in Palantir Technologies by 4.9% in the 1st quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock worth $217,000 after purchasing an additional 69 shares in the last quarter. IFC & Insurance Marketing Inc. lifted its position in shares of Palantir Technologies by 4.0% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company's stock worth $264,000 after purchasing an additional 70 shares during the period. Finally, IMG Wealth Management Inc. lifted its position in shares of Palantir Technologies by 5.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 1,341 shares of the company's stock worth $156,000 after purchasing an additional 70 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Friedman Stat sold 3,032 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 of the company's stock, valued at $8,927,655. The trade was a 5.31% decrease in their position. 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, insider Jeffrey Buckley sold 2,055 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. 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 720,027 shares of company stock valued at $116,879,340 over the last ninety days. Company insiders own 9.53% of the company's stock.

Palantir Technologies Stock Up 1.1%

Shares of NASDAQ:PLTR traded up $1.90 during midday trading on Thursday, reaching $176.24. The company's stock had a trading volume of 23,693,327 shares, compared to its average volume of 44,538,984. The firm has a 50 day moving average of $157.25 and a 200-day moving average of $145.74. The firm has a market capitalization of $423.52 billion, a P/E ratio of 150.63, a PEG ratio of 2.44 and a beta of 1.62. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results 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%. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. On average, research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: CEO’s AI-liability comments reinforce Palantir’s positioning: Alex Karp called for “reasonable guidelines” and said AI developers should face civil and criminal liability for harmful outcomes. He also suggested that some frontier AI businesses may need to be nationalized if governments are required to cap their liability. Investors may view the remarks as supportive of Palantir’s emphasis on controlled, accountable AI deployments. AI needs to have reasonable guidelines, Palantir's Karp tells CNBC
• Positive Sentiment: Higher price targets add momentum: Jim Cramer reaffirmed a $250 target, while UBS and D.A. Davidson reportedly matched that level. The $250 targets are well above Wall Street’s approximately $202 average, signaling continued confidence in Palantir’s growth outlook. Mad Money Jim Cramer Sees 40% Upside for Palantir Stock
• Positive Sentiment: Demand and sovereign AI opportunities remain key catalysts: Coverage highlighted Palantir’s partnership with Nebius, in which Nebius supplies infrastructure while Palantir provides the software layer. Growing European interest in sovereign AI and government modernization could expand demand for Palantir’s platforms without requiring the company to own large amounts of hardware. Palantir Just Told Wall Street Where AI Infrastructure Is Headed
• Neutral Sentiment: Stricter controls on external AI models: Palantir is tightening rules for OpenAI and Anthropic models, including requiring zero-data-retention assurances for certain integrations. The move supports data security and customer trust but could limit model flexibility or complicate partnerships. Palantir Technologies Tightens Rules On External Generative AI Models
• Negative Sentiment: Valuation and bearish positioning remain obstacles: Palantir’s roughly 150-times earnings multiple leaves little room for execution disappointments. Michael Burry’s reported put position and commentary about an AI-sector decline underscore concerns that expectations have become excessive, even as revenue growth remains strong. Michael Burry Just Said 7 Words Dismissing AI After Slowdown Fears

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. DA Davidson lifted their price objective on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, September 11th. BNP Paribas Exane assumed coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an "underperform" rating on the stock. Finally, Wedbush started coverage on Palantir Technologies in a research report on Tuesday, June 16th. They issued an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $195.33.

About Palantir Technologies

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company's principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.

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