Westwind Capital Has $7.93 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Westwind Capital increased its Palantir stake by 29.1% in the second quarter, holding 67,984 shares valued at approximately $7.93 million. Institutional investors collectively own 45.65% of Palantir.
• Palantir reported quarterly EPS of $0.41 versus estimates of $0.34, while revenue rose 92.8% year over year to $1.94 billion. The company’s AI Platform and expanding commercial adoption are supporting bullish growth expectations.
• Valuation remains a major risk: Palantir had a market capitalization of about $417 billion and a price-to-earnings ratio near 149. Analysts maintain a “Moderate Buy” consensus with an average price target of $192.19, while recent insider selling could add near-term pressure.

Westwind Capital raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,984 shares of the company's stock after purchasing an additional 15,342 shares during the period. Palantir Technologies accounts for 1.9% of Westwind Capital's holdings, making the stock its 22nd biggest holding. Westwind Capital's holdings in Palantir Technologies were worth $7,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $29,000. Morton Brown Family Wealth LLC raised its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new position in Palantir Technologies in the first quarter worth approximately $32,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 2.8%

PLTR stock opened at $174.04 on Friday. The stock's 50 day moving average is $134.60 and its 200-day moving average is $140.15. The firm has a market capitalization of $417.23 billion, a PE ratio of 148.75, a P/E/G ratio of 2.55 and a beta of 1.59. 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 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business's revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm'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 transaction of $500,280.00. Following the sale, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Benchmark reissued a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $25.50 to $133.00 in a report on Monday, June 29th. HSBC cut Palantir Technologies from a "buy" rating to a "hold" rating and cut their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Mizuho boosted their price target on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $192.19.

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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