GoalVest Advisory LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 92.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,888 shares of the company’s stock after selling 33,549 shares during the quarter. GoalVest Advisory LLC’s holdings in Palantir Technologies were worth $337,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Aletheian Wealth Advisors LLC raised its holdings in Palantir Technologies by 14.8% during the second quarter. Aletheian Wealth Advisors LLC now owns 2,320 shares of the company’s stock worth $271,000 after purchasing an additional 299 shares in the last quarter. Tactive Advisors LLC boosted its holdings in shares of Palantir Technologies by 4.5% in the 2nd quarter. Tactive Advisors LLC now owns 11,228 shares of the company’s stock valued at $1,310,000 after buying an additional 481 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of Palantir Technologies by 55.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 9,194 shares of the company’s stock valued at $1,073,000 after buying an additional 3,274 shares in the last quarter. Adamsbrown Wealth Consultants LLC grew its position in shares of Palantir Technologies by 82.9% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 6,168 shares of the company’s stock valued at $720,000 after buying an additional 2,796 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Palantir Technologies by 25.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,832 shares of the company’s stock valued at $914,000 after buying an additional 1,574 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PLTR. William Blair initiated coverage on shares of Palantir Technologies in a research report on Tuesday. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Tuesday. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.50 to $133.00 in a report on Monday, June 29th. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, DZ Bank started coverage on Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target on the stock. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.73.
Insider Activity at Palantir Technologies
In related news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the sale, the insider directly owned 642,786 shares in the company, valued at $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,115,302 shares of company stock worth $150,748,065 in the last three months. 9.53% of the stock is currently owned by corporate insiders.
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
- Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
- Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
- Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
- Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir
Palantir Technologies Stock Up 10.3%
Shares of NASDAQ:PLTR opened at $172.01 on Friday. The company has a market cap of $412.36 billion, a price-to-earnings ratio of 147.02, a PEG ratio of 2.50 and a beta of 1.59. The firm’s 50-day simple moving average is $131.76 and its 200-day simple moving average is $139.92. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.
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 (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s revenue for the quarter 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, research analysts forecast that Palantir Technologies Inc. will post 1.26 EPS for the current 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.
Featured Articles
- Five stocks we like better than Palantir Technologies
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
