Russell Investments Group Ltd. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,689,873 shares of the company’s stock after selling 157,582 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Palantir Technologies worth $196,822,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $29,000. Ballast Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth about $29,000. Morton Brown Family Wealth LLC boosted its holdings in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $32,000. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Strong growth and margins support the bull case: Palantir’s latest quarter featured approximately 93% year-over-year revenue growth, an earnings beat, and expanding margins. Analysts and commentators argue that its rising Rule of 40 score and efficient AI-driven growth could represent a durable structural advantage. Palantir’s Margin Expansion Signals a Structural Growth Advantage
- Positive Sentiment: Enterprise and sovereign AI demand remains a key catalyst: CEO Alex Karp said Palantir could sustain its current growth and margin profile over the next 18 months, while the company’s Sovereignty Bootcamps have attracted nearly 200 organizations. The strong participation suggests growing demand for localized and secure AI deployments. Palantir’s Sovereignty Bootcamps Draw Nearly 200 Organizations in <30 Days
- Positive Sentiment: Momentum and analyst optimism continue: Recent coverage describes improving software-stock outlooks, potential technical breakout conditions, and continued post-earnings momentum. Zacks also added PLTR to its Rank #1 Strong Buy list. Is Palantir Stock About to Breakout?
- Neutral Sentiment: Short-covering may be amplifying the rally: Reports estimate roughly $12 billion in short interest and about $5 billion in short-seller losses, potentially adding technical buying pressure. This can support the stock near term but does not necessarily change the company’s underlying value. Short Sellers Are Losing Big on Palantir — Here’s the Data
- Negative Sentiment: Valuation is the principal risk: With the stock trading at a very high earnings multiple after its sharp advance, skeptics question whether extraordinary growth is already priced in. Some bearish commentary argues that even strong execution may not justify current expectations. Is Palantir Still a Buy After Its 33% Rally Over the Past Month?
- Negative Sentiment: Insider selling adds caution: A Palantir director reportedly sold approximately $2.79 million of shares, reinforcing concerns about valuation and profit-taking after the rally. Palantir Director Offloads $2.79M
Insider Transactions at Palantir Technologies
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PLTR. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $204.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Finally, UBS Group set a $215.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.19.
Get Our Latest Analysis on Palantir Technologies
Palantir Technologies Price Performance
Shares of NASDAQ PLTR opened at $173.96 on Friday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The stock has a market cap of $418.04 billion, a P/E ratio of 148.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The firm has a 50-day moving average of $137.87 and a 200 day moving average of $140.47.
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 for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 92.8% compared to the same quarter last year. Research analysts expect 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.
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