Principle Wealth Partners LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,588 shares of the company’s stock after buying an additional 2,817 shares during the quarter. Principle Wealth Partners LLC’s holdings in Palantir Technologies were worth $3,802,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Palantir Technologies by 5.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,698,278 shares of the company’s stock valued at $664,818,000 after acquiring an additional 305,529 shares during the period. Roman Butler Fullerton & Co. increased its holdings in Palantir Technologies by 19.4% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 5,764 shares of the company’s stock worth $672,000 after acquiring an additional 935 shares in the last quarter. Simplicity Wealth LLC raised its position in Palantir Technologies by 79.3% during the second quarter. Simplicity Wealth LLC now owns 49,910 shares of the company’s stock worth $5,823,000 after acquiring an additional 22,072 shares during the period. Wealth Effects LLC raised its position in Palantir Technologies by 142.4% during the second quarter. Wealth Effects LLC now owns 4,329 shares of the company’s stock worth $505,000 after acquiring an additional 2,543 shares during the period. Finally, Trivium Point Advisory LLC raised its position in Palantir Technologies by 152.5% during the second quarter. Trivium Point Advisory LLC now owns 11,347 shares of the company’s stock worth $1,324,000 after acquiring an additional 6,853 shares during the period. Hedge funds and other 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 benefited from a broad risk-on session in which major stock indexes recovered from the prior sell-off and Bitcoin rallied, helping lift sentiment toward growth and AI equities. Stock Market Today: Dow Gains 550 Points; Palantir Rises, Bitcoin Rallies
- Positive Sentiment: Investor follow-through from Palantir’s latest quarterly report remains a major catalyst. Revenue rose 92.8% year over year to approximately $1.94 billion, U.S. commercial revenue surged 149%, and management raised its full-year 2026 revenue, operating-income and free-cash-flow outlooks. Record contract value also points to continued demand for the company’s AI software across commercial and defense customers. Palantir Rises as Strong AI Demand and Raised Outlook Keep Momentum Going
- Positive Sentiment: Palantir moved above a closely watched technical level and cleared a reported buy zone, potentially attracting momentum-oriented investors and creating an add-on entry for existing shareholders. Palantir Stock Clears Buy Zone But Could Offer Alternative Entry
- Neutral Sentiment: The options market implies less movement than Palantir has historically delivered, but its projected trading range remains wide. That signals elevated event and volatility risk rather than a clear directional catalyst. Even The Calm Reading On Palantir Puts Nearly Half The Position In Play
- Negative Sentiment: Valuation remains a significant concern after the recent rally. With a very high earnings multiple, investors may demand continued exceptional growth for further gains.
- Negative Sentiment: Michael Burry’s renewed bearish options position and warning that the AI data-center boom may contain leverage and circular-financing risks could pressure sentiment, particularly if enthusiasm for AI stocks fades. Palantir: Why Michael Burry’s Put Buys Should Not Deter Retail Investors
- Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases by insiders over the past six months, a potential caution signal for investors despite strong business momentum.
Analyst Ratings Changes
View Our Latest Analysis on PLTR
Palantir Technologies Stock Up 3.4%
Palantir Technologies stock opened at $179.94 on Friday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The firm has a market capitalization of $432.41 billion, a price-to-earnings ratio of 153.79, a PEG ratio of 2.46 and a beta of 1.59. The company has a fifty day simple moving average of $138.90 and a 200-day simple moving average of $140.74.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. On average, research analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.
Insider Activity at Palantir Technologies
In other news, Director Lauren Elaina 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 transaction of $500,280.00. Following the transaction, the director directly owned 54,107 shares in the company, 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 at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. 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 quarter, insiders sold 227,778 shares of company stock valued at $30,696,263. Corporate insiders own 9.53% of the company’s stock.
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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