Y Intercept Hong Kong Ltd Grows Stake in Palantir Technologies Inc. $PLTR

Key Points

• Y Intercept Hong Kong Ltd increased its Palantir stake by 690.7% in the second quarter, ending with 33,399 shares valued at approximately $3.9 million. Institutional investors collectively own 45.65% of Palantir’s stock.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, and earnings of $0.41 per share, exceeding analyst expectations. Shares opened at $179.01, with the stock trading at a notably high price-to-earnings ratio of 153.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $192.19, although some firms downgraded the stock. Insiders sold roughly 1.15 million shares worth $156.2 million over the past three months.

Y Intercept Hong Kong Ltd boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 690.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,399 shares of the company's stock after purchasing an additional 29,175 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Palantir Technologies were worth $3,897,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PLTR. Norges Bank purchased a new position in shares of Palantir Technologies in the fourth quarter worth $5,149,641,000. Jennison Associates LLC purchased a new position in Palantir Technologies during the first quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. State Street Corp increased its holdings in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. lifted its stake in Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 4.7%

Shares of NASDAQ:PLTR opened at $179.01 on Friday. The company has a market cap of $429.14 billion, a price-to-earnings ratio of 153.00, a PEG ratio of 2.44 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The company has a 50-day moving average price of $133.83 and a 200 day moving average price of $139.92.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company's stock, valued at $7,757,108.80. This trade represents a 2.40% 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 have sold 1,150,302 shares of company stock valued at $156,197,565 in the last three months. Corporate insiders own 9.53% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Wolfe Research began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating for the company. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday. Royal Bank Of Canada reissued an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. Finally, HSBC lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating and cut their target price for the company from $205.00 to $151.00 in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $192.19.

Key Palantir Technologies News

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

• Positive Sentiment: Blowout quarterly performance remains the primary catalyst. Palantir reported revenue of $1.94 billion, up 92.8% year over year and above the $1.81 billion consensus estimate. Adjusted earnings also exceeded expectations, while management raised its full-year outlook. The results reinforced confidence that growth in government and commercial AI applications is accelerating. Palantir Stock Forecast – How Much Upside Do Analysts Expect?
• Positive Sentiment: Artificial Intelligence Platform adoption is supporting the long-term growth narrative. Articles highlight Palantir’s AIP as a key driver of its shift from a primarily government contractor to a broader enterprise AI partner. Strong U.S. demand, sovereign AI spending and a growing commercial pipeline are fueling bullish forecasts, including expectations for continued earnings momentum. Palantir AIP Could Deliver a Powerful Shift in the Company’s Growth Trajectory
• Positive Sentiment: Market momentum and broader risk appetite are helping AI software names. Palantir was identified as breaking through a new buy point as investors favored AI-linked companies and remained optimistic about U.S. technology and defense demand. Palantir Shares Edge Higher Thursday: What’s Driving the Action?

Palantir Technologies 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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