Wealthfront Advisers LLC cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 5.2% during the 2nd quarter, Holdings Channel reports. The firm owned 534,909 shares of the company’s stock after selling 29,452 shares during the quarter. Wealthfront Advisers LLC’s holdings in Palantir Technologies were worth $62,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP bought a new stake in Palantir Technologies in the second quarter valued at approximately $315,000. 45.65% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently commented on PLTR shares. William Blair initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “neutral” rating for the company. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research note on Tuesday, August 11th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.50 to $133.00 in a report on Monday, June 29th. BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating for the company. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Two research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $192.19.
Key Headlines Impacting Palantir Technologies
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.
Insider Buying and Selling
In related news, insider Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 227,778 shares of company stock valued at $30,696,263 over the last 90 days. 9.53% of the stock is owned by corporate insiders.
Palantir Technologies Stock Up 3.4%
NASDAQ PLTR opened at $179.94 on Friday. The firm has a 50-day moving average price of $138.90 and a two-hundred day moving average price of $140.74. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The company has a market capitalization of $432.41 billion, a P/E ratio of 153.79, a P/E/G ratio of 2.54 and a beta of 1.59.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 92.8% on a year-over-year basis. Equities analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current year.
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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