Steadview Capital Management LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 20.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,315 shares of the company’s stock after selling 11,585 shares during the period. Palantir Technologies makes up approximately 1.6% of Steadview Capital Management LLC’s portfolio, making the stock its 14th largest position. Steadview Capital Management LLC’s holdings in Palantir Technologies were worth $5,287,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. TD Asset Management Inc lifted its stake in shares of Palantir Technologies by 1.7% in the 2nd quarter. TD Asset Management Inc now owns 1,279,198 shares of the company’s stock valued at $149,244,000 after purchasing an additional 21,644 shares during the last quarter. Boomfish Wealth Group LLC lifted its position in shares of Palantir Technologies by 6.7% in the second quarter. Boomfish Wealth Group LLC now owns 3,073 shares of the company’s stock worth $359,000 after buying an additional 193 shares during the last quarter. Strive Financial Group LLC boosted its stake in shares of Palantir Technologies by 193.1% during the 2nd quarter. Strive Financial Group LLC now owns 5,820 shares of the company’s stock worth $679,000 after acquiring an additional 3,834 shares in the last quarter. BCGM Wealth Management LLC boosted its stake in shares of Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after acquiring an additional 64 shares in the last quarter. Finally, Choreo LLC boosted its position in Palantir Technologies by 0.7% during the second quarter. Choreo LLC now owns 71,147 shares of the company’s stock worth $8,301,000 after purchasing an additional 481 shares during the period. Institutional investors own 45.65% of the company’s stock.
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 Trading Down 0.9%
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.26 EPS for the current year.
Insider Buying and Selling at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the company’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 directly owned 60,226 shares in the company, valued at approximately $7,757,108.80. The trade was a 2.40% 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 three months, insiders sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.
Analyst Upgrades and Downgrades
PLTR has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set an “overweight” rating for the company. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Oppenheimer cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.19.
Read Our Latest Stock Report on PLTR
About Palantir Technologies
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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